$Advanced Micro Devices(AMD)$ After a 190% move, it's now consolidating. The question is whether it pushes higher or sees a Wave 4 dip.
It's at $508.31, up 2.53%, sitting on what looks like horizontal support.
The run has been stretched from the clean setups around $90 and $190, with valuations at 22x PS, 164x PE, and 56x forward PE. The power behind it comes from 35% TTM revenue growth and 125% TTM earnings growth. The company has pivoted into a full-stack AI play with Instinct, EPYC, Pensando, ROCm, ZT, and Helios. Back to fundamentals, a break to the right side could trigger a vertical squeeze.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
