DailyPlay – Advanced Micro Devices (AMD)  – December 8th, 2021

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The bullish DailyPlay for Wednesday, December 8th is Advanced Micro Devices (AMD). AMD is part of the Technology sector that has experienced a sharp rebound in recent days

Fundamental View

• Meta’s adoption of AMD CPU’s for data centers provides significant upside potential
• Next gen EPYC processor expected to grow market share in this space 
• Earnings Jan 25, 2022 (48 days)

Technical View

• Pullback to an area of support and bounce higher provides a good risk/reward bullish entry
• Very strong technical score (10 out of 10)
• Bullish 6M trend

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