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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

AMD

Special Reports - 25/05/2023

25 May, 2023

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

AMD weekly special report based On 1.00 Lot Calculation:

AMD

  • Advanced Micro Devices, Inc. (AMD) produces semiconductor products and devices. The Company offers products such as microprocessors, embedded microprocessors, chipsets, graphics, video and multimedia products and supplies it to third-party foundries, as well as provides assembling, testing, and packaging services. AMD serves customers worldwide.
  • AMD AND ARTIFICIAL INTELLIGENCE (AI) DEVELOPMENT (MI300 AI CHIP): According to Fierce Electronics, AMD has semiconductors ready to take on such work, including the MI300 coming later in 2023. AMD is looking to MI300 accelerators for large model AI applications in cloud data centers. AMD will launch MI300 in the second half of 2023, and will try to break Nvidia’s market dominance.
  • GLOBAL ARTIFICIAL INTELLIGENCE CHIP MARKET TO GROW FROM 11.2 BILLION TO $263.6 BILLION: 2022- 2031. According to Allied Market Research, the Global Artificial Intelligence chip market is expected to grow at 37.1% each year on average until 2031.

ANALYSIS AND EVENTS:

  • AMD AND MICROSOFT ENTER INTO A COLLABORATION ON ARTIFICIAL INTELLIGENCE (AI) CHIP DEVELOPMENT TO CAPITALIZE ON GROWING AI MARKET: According to reports, Microsoft and AMD are collaborating to develop a special purpose AI chip which Microsoft will use on developing its Artificial Intelligence infrastructure. The development is expected to have industry wide impacts, with AMD aiming to establish itself as a major chip provider.
  • AMD CONTINUES TO BEAT EXPECTATIONS AFTER Q1 EARNINGS BEAT: AMD beat expectations across the board, with revenue coming in at $5.35B vs $5.3B expected. Earnings per share printed $0.60 vs $0.56 expected. The company also expects growth in the PC and Server segments throughout 2023, with the company also stressing focus on development on Artificial Intelligence chips.
  • COMPETITIVE ADVANTAGE: AMDs pace of innovation, and brand strength along with its strong engineering team enables AMD to release its products faster than most of its competitors.

PRICE ACTION

  • THE STOCK HAS TRADED AROUND 30% BELOW ITS ALL- TIME HIGH OF $164.36 (November 28, 2021). AMD was last trading around $115, and if a full recovery follows recent all- time highs, the stock could see an upside of around 42%, however, the price could also decline further.

#AMD, May 25, 2023
Current Price:115

AMD

Weekly

Trend direction

UP

Resistance 3

164.00

Resistance 2

150.00

Resistance 1

135.00

Support 1

98.00

Support 2

95.00

Support 3

90.00

Example of calculation base on weekly trend direction for 1.00 Lot1

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

49,000

35,000

20,000

-17,000

-20,000

-25,000

Profit or loss in €²

45,647

32,605

18,632

-15,837

-18,632

-23,289

Profit or loss in £²

39,616

28,297

16,170

-13,744

-16,170

-20,212

Profit or loss in C$²

66,616

47,583

27,190

-23,112

-27,190

-33,988

1. 1.00 lot is equivalent of 1000 units

2. Calculations for exchange rate used as of 13:00 (GMT+1) 25/05/2023
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account ManagerClient Manager regarding their use.

  • You may wish to consider closing your position in profit, even if it is lower than suggested one
  • Trailing stop technique can protect the profit – Ask your Senior Account ManagerClient Manager for more details

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