Advanced Micro Devices to Retest $180 Soon

Multiple catalysts are pushing share prices up [Morning Watchlist] You are receiving this email because you are subscribed to Behind the Markets. If you no longer wish to receive these emails, please [unsubscribe]( here.  Prefer to view this content on our website? [Click here.]( --------------------------------------------------------------- Dear Fellow Investor, Company: Advanced Micro Devices (SYM: AMD) “Oversold shares of Advanced Micro Devices (SYM: AMD) are starting to bounce back strong. All after analysts at Jefferies initiated coverage of AMD with a buy rating, with a price target of $190 a share,” we said on May 17. At the time, the tech giant traded at around $163. Today, it’s up to $168 and could rally back to $180, near term. Helping, Microsoft plans to offer cloud computing customers a platform on AMD artificial intelligence chips as an alternative to systems running Nvidia chips, added Investor’s Business Daily. --------------------------------------------------------------- Monument Traders Alliance[JOLTS OVERNIGHT TRADE DEMONSTRATION]( [jolts]( Every Time the Government Releases Jobs Data... Make This Trade the Night Before! (Target up to 253%... 327%... Even 383% gains... OVERNIGHT!) [Next JOLTS Trade on Tuesday, May 23 at 2 pm!]( --------------------------------------------------------------- AMD even replaced Nvidia on Wolfe Research’s Wolfe Alpha List. Jefferies also has a buy rating on AMD with a price target of $190. JPMorgan also recently said, “We believe that near-term the team is supply constrained, but given 2H supplier commitments and expanding supply, they are NOT capped at their $4B annual target," Sur wrote in an investor note. "We believe the team can grow datacenter GPU revenue to $5B+ in CY24 and continue to take share from Intel in server and PC CPUs (we estimate 100 [basis points] of share gain in 1Q and 2Q server CPU share)." The firm also raised its 2024 estimates on strong AI demand, with a $180 price target. --------------------------------------------------------------- Eagle Financial[Top 20 Living Economist Shares the Largest Position in His Personal IRA]( Investing legend Dr. Mark Skousen recently gave a talk to a small group in the heart of Washington, D.C. In it, he revealed the cornerstone of his retirement plan – and the one investment that helped make him a millionaire. [Click here to watch Dr. Skousen's presentation – and learn about “the best way to become a millionaire in America.”]( --------------------------------------------------------------- [Join Daily Guru Trades!]( Want more free daily trades in your inbox? [Sign up for Dylan Jovine's Daily Guru Trades Today.]( Do you own any shares of AMD or other "Big Tech" stocks? Do you have your eye on any opportunities we might have missed? Hit "reply" to this email and let us know! Our mailing address is: Behind the Markets, LLC 4260 NW 1st Avenue, Suite 55 Boca Raton, FL 33431 Copyright © 2024 Behind the Markets, LLC, All rights reserved. You're receiving this email as part of your subscription to Behind the Markets. For more information about our privacy practices, please review our [Privacy Policy]( or our [Legal Notices.]( [Behind the Markets](  [Unsubscribe]( Â