Despite the impressive 36% bull run, AMD is still trailing behind NVDA for the year, which is up 60% YTD. It’s also trading about 50% down from its all-time high of $161.91 recorded on November 29, 2021.
If the double top pattern over the past two months is an indication, then AMD’s 9-week bull run could be coming to an end. AMD had already started to pull back from the 2023 highs of around $88.9. Given that it has failed to break above its resistance, the pullback could go into a full reversal.
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.
InvestUncle : agreed. but some where someone out there is breaking it out to 97...???