Advanced Micro Devices (AMD) just broke out of consolidation to the upside, and could rally to $100. The stock is running after launching the Radeon RX 5300 GPU graphics card, which competes against NVIDIA’s GeForce GTX 1650. Plus, it’s chips should be under big demand when Microsoft and Sony release their new gaming consoles later this year.
We also have to remember that AMD is chipping away at market share of NVIDIA and Intel.
AMD last traded at $93.48, and could quickly explode higher.
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