Advanced Micro Devices Shares Plummet

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Options Market Signals Bullish Impetus on AMD Stock

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76% Informative

Advanced Micro Devices ( AMD ) has skyrocketed over the past several years due to the emergence of innovative sectors such as cryptocurrencies and artificial intelligence.

Since the start of this year , shares are still down about 9% , but AMD popped over 14% in the trailing month , reflecting a tech sector recovery.

AMD stock has a 55% long-side success ratio and a 4.1% average return over that one-week period.

AMD stock has a Moderate Buy consensus rating based on 22 Buys, nine Holds , and zero Sell ratings.

The average AMD price target is $ 126.55 , implying 14.72% upside potential.

AMD ’s Bullish Bias makes the case for a long-side debit-based options strategy.

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