SRPP New Idea: AMD

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Power Plays New Idea: AMD
February 14, 2024

By Scott Redler

Name: Advanced Micro Devices

Ticker: AMD

Price: $177.68

Needs to Hold: $155 to $162

Price Objective 1: $190 to $200

Price Objective 2: N/A

I'm making AMD our newest Power Play.

AMD looks like it could be ready to play catchup to Nvidia (NVDA) and Super Micro (SMCI), and has potential to shoot to the $190 to $200 area.

Just be aware that Nvidia reports next week so we will may have to pivot then based on the price action.

-Scott

Scott Redler Positions Disclosure as of 2024-02-14 at 3.10.51 PM

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Power Plays New Idea: AMD February 14, 2024

By Scott Redler

Power Plays New Idea: AMD
February 14, 2024