AMD to $250+Advanced Micro Devices, Inc.BATS:AMDtin921The AMD chart setup is fantastic. It dropped almost 70% with RSI value 25 during last bearish downtrend. But when it broke out, it went up over 200%! Recently, it also broke out from another bearish downtrend after similar price drop and RSI value. If it mirrors the last move, current uptrend will take it to $250-$320. The current uptrend is supported by the fundamental development in both the consumer PC and data center markets. Consumer PC - AMD long won the CPU war against Intel. Now with the Ryzen AI Max+ PC, APU (CPU+GPU on the same chip!), and 128 GB unified memory, it offers a serious alternative to Apple M4 series for local/offline AI workload. Recently Nvidia and Intel are joining forces to create a x86 RTX custom chip. I see it as a huge validation of AMD's APU approach. Data Center - AMD MI350 is already competing head to head with Nvidia B200 on the chip level. But Nvidia still excels on highly optimized software and rack scale networking. AMD is catching up on both front with recent ROCm 7.0 software releases and next-gen MI400 with integrated networking tech from the previous ZT Systems acquisition.