Is AMD the cleanest AI play now?
AMD just reclaimed the $230 support level, rallying over 4.6% as the MI300X momentum continues to build. While the capital rotation into Intel (Terafab) and Micron (DRAM) is catching headlines, AMD’s standalone bull case remains one of the most consistent in the chip sector.
Key Takeaways:
• MI300X Momentum: Orders remain steady as enterprises look for viable alternatives to Nvidia.
• Technical Strength: Reclaiming $230 puts the $240+ highs back in focus.
• Market Sentiment: Even with a slight 24h dip to $253.35 (as seen in the "Related Stocks" section), the mid-term trend is looking robust.
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