New AMD Stock Forecast – Can Buyers Break $115 After 20% Surge?
After declining for a year, this month we have seen a strong bullish reversal in AMD stock, but buyers are facing a hurdle at $115.
After a prolonged downtrend, AMD stock has shown renewed bullish momentum, surging 7% yesterday and climbing 20% from its lows below $95 just two weeks ago. The rally was fueled by improving market sentiment and reports suggesting that President Donald Trump may postpone the April 2 tariffs on semiconductor imports.
AMD Stock Chart Daily – Gains Momentum After Year-Long Decline
AMD recently broke above the 20-day SMA (gray) and pushed past the 50-day SMA (yellow), signaling growing investor confidence. However, the next critical resistance level lies near the 100-week moving average (red) at $115, which also marked yesterday’s high. If AMD can break above this level, it could confirm the start of a larger bullish trend reversal after months of declines.
Advanced Micro Devices Strengthens Position in AI and Data Centers
The semiconductor industry is undergoing a significant transformation, with growing demand for powerful chips to support artificial intelligence (AI) models. While Intel has struggled to keep up, AMD has emerged as a strong competitor, particularly in the data center and GPU markets.
To further solidify its position, AMD has announced a $4.9 billion acquisition of ZT Systems, a move that could significantly boost its data center business. If approved by regulators, this acquisition will allow AMD to expand its portfolio of AI-optimized data center solutions, narrowing the gap with Nvidia, which currently dominates the market with its comprehensive chips, networking, and software solutions.
Key Level to Watch: $115 Resistance
While AMD’s recent surge suggests a potential trend reversal, the next major hurdle for buyers is the $115 resistance level. This level has previously acted as a barrier, and a successful breakout above it could signal a continued rally toward higher price targets. With AI adoption accelerating and AMD’s strategic moves in the data center sector, investors are watching closely to see if the stock can sustain its bullish momentum.
ABOUT THE AUTHOR
See More
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals