AMD – The AI Underdog Setting Up for a Major Move

AMD is quietly building momentum as a major AI contender, rivaling NVDA with its upcoming MI400 GPU series and strong Q2 guidance potential.

I'm watching this carefully for a medium-term swing with high reward potential based on both fundamental catalysts and technical structure.

🔍 Entry Points I'm Watching:
✅ $143 → Aggressive breakout entry if it clears $147.50 with strong volume
✅ $125 → Previous support + gap-fill zone from May
✅ $115 → Deep value zone near 200-day MA (if macro weakens)

🎯 Profit Targets:
• TP1: $160 – Key resistance & post-earnings reaction zone
• TP2: $176 – Melius Research target
• TP3: $200+ – ATH breakout potential if AI narrative extends into Q3

⚡ Catalysts to Watch:
• MI400 GPU launch in progress
• Q2 earnings (late July) – data center revenue in focus
• Sector momentum from MU and NVDA

⚠️ Disclaimer: This is not financial advice. I am sharing my personal trading plan and analysis for educational and discussion purposes only. Always do your own research and consult with a financial advisor before making investment decisions