Chart of Day: This Tech Stock is a Top Pick

You are receiving this email because you are subscribed to Daily Guru Trades. If you no longer wish to receive these emails, please unsubscribe here. Keep an eye on oversold shares of Advanced Micro Devices (SYM: AMD). Now at $130.18, AMD is technically over-extended on RSI, MACD and Williams' %R. From here, we'd like to see an initial retest of $150. Helping, Piper Sandler just reiterated that AMD is a top pick, with an overweight rating and a price target of $175. "We continue to like AMD especially given the recent industry pullback. Our expectations see AMD taking roughly 20% share of the $400B accelerator market by 2028. Additionally, reaffirmed by last week's INTC (not covered) results, we see AMD gaining significant share in the traditional server market," said the firm, as quoted by CNBC. Plus, recent earnings have been strong. Q2 EPS of 69 cents beat by a penny. Revenue of $5.84 billion, up 9% year over year, beat by $120 million. Fueling that upside, AMD saw record data center revenue growth of 115% to $2.8 billion. AMD also expects for revenue to come in around $6.7 billion as compared to market expectations of $6.61 billion. Did you miss yesterday's Chart of the Day? Click here to view it now. DC2 Publishing LLC 4260 NW 1st Avenue Suite # 55 Boca Raton, FL 33431 – 4264   Copyright © 2023 Daily Guru Trades, All rights reserved. You are receiving this email as part of your subscription to Daily Guru Trades. If you have any questions, please contact us at support@dailygurutrades.com. Daily Guru Trades is a newsletter offered to the public on a subscription basis. While subscribers receive the benefit of Daily Guru Trades opinions, none of the information contained therein constitutes a recommendation from Daily Guru Trades that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. 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