AMD Technical Indicators Signal Caution: Is Death Cross Ahead For AI Stock?
AMDAMD(AMD) Benzinga·2024-08-12 23:06

Shares of Advanced Micro Devices Inc. AMD are up 21.54% over the last year but down 8.91% year-to-date. It has gained about 2.92% over the last five trading days.In late July, the semiconductor giant enjoyed a brief resurgence after delivering second-quarter earnings that beat expectations — 69 cents per share against a forecasted 68 cents, and 5.835billioninrevenue,outpacingthe5.835 billion in revenue, outpacing the 5.724 billion estimate.This surge was welcomed by investors like Cathie Wood's Ark Invest, which seized the opportunity and ...