This might be moving in premarket from the price upgrade.
A price upgrade on a great company like AMD during a semiconductor rally will likely add to the bullishness. AMD will also have a presentation at the CES conference today. Often, you will see big intraday price moves while a company is showcasing their products at a trade show. We might see the same thing today if we don't get a bloody Monday to follow last week's very bearish week.
I would be very cautious to go all in since last week was so bearish. But these catalysts could possibly be exactly what AMD needs to stay within this short-term bullish price channel.
$NVIDIA (NVDA.US)$ $Intel (INTC.US)$ $Micron Technology (MU.US)$ $Arm Holdings (ARM.US)$ $Qualcomm (QCOM.US)$ $Texas Instruments (TXN.US)$ $iShares Semiconductor ETF (SOXX.US)$ $Direxion Daily Semiconductor Bear 3x Shares ETF (SOXS.US)$ $Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ $INVESCO PHLX SEMICONDUCTOR ETF (SOXQ.US)$
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digimonX : AMD also has a press conference at the CES 2024 today 10AM ET. Lisa Su will mention the word AI 500 times together with supporting product line & stock price will go up accordingly.
SpyderCall OP SpyderCall OP : You are really taking me back with the Digimon reference. Im feeling the nostalgia.
SpyderCall OP digimonX : You are really taking me back with the Digimon reference. I am feeling the nostalgia![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
digimonX SpyderCall OP : lol... I am an old man now. digimon is the last youthful thing that I know. my next choice would have been Thundercats...
SpyderCall OP digimonX : Nice! I like your taste. Saturday morning cartoons. Those were the good old days.
SpyderCall OP digimonX : AMD completely ripped with the rest of the Semiconductor industry. Today was a great bullish day. I made a quick 30%.
digimonX SpyderCall OP : Congrats. Today nvidia will be presenting at CES. Hope the momentum continues.
I am mainly a long term investor. Accumulated my amd shares from many years ago. I hope I can liquidate my shares within the next 2 years & retire from my fulltime job.
SpyderCall OP digimonX : they didn't present yesterday with AMD???
If you own a lot of NVDA, then I think you will have a very nice retirement. Semiconductors have been o e of the best investments for decades.
digimonX SpyderCall OP : Unfortunately, I don't own nvidia. However, I do have quite a lot of amd.
SpyderCall OP digimonX : AMD is a great one as well.