Should You Buy or Sell This Nvidia Rival? Analysts Weigh In As Technicals Signal A Downtrend
AMDAMD(AMD) Benzinga·2024-12-26 21:01

Advanced Micro Devices AMD shares have underperformed Nasdaq 100 despite gaining AI market share this year. Should you buy or sell the stock as its technical analysis indicates a downtrend? Here’s what analysts are saying about the stock. What Happened: The technical analysis of daily moving averages indicates a bearish trend.The stock ended at $126.29 apiece on Tuesday. This was above its eight-day simple moving average of $123.48. However, as per Benzinga Pro data, its current stock price was lower than t ...