AMD - Up nearly 5%RAMDUSDT SPOTBITGET:RAMDUSDTduydaocoinAMD shares rose nearly 5%, leading the semiconductor sector. The company announced the addition of UCIe interconnect technology to its Versal adaptive SoCs, enabling low-power, high-bandwidth chiplet communication. Raymond James upgraded the stock to "Strong Buy" and raised its price target to $641. Shipments of the rack-scale Helios AI platform are expected to begin in September. Institutional investors are optimistic about AMD's progress in AI server CPUs and full-rack solutions, noting the stock's improved valuation appeal following a prior pullback. Analysts highlighted the doubling of data center revenue year-over-year and design wins with OpenAI, Meta, and others, suggesting that a multi-vendor landscape favors AMD's market share gains. - Support levels: + Immediate support: $465 – $471 + Strong support: $435 – $455, encompassing the psychological $455 mark and the 0.236 Fibonacci level near $435. This serves as a critical anchor for maintaining the medium-term uptrend. - Resistance levels: Resistance refers to a price zone where selling pressure typically intensifies, making an immediate breakout difficult. + Short-term resistance: $492 – $496, corresponding to the 0.382 Fibonacci level and recent technical resistance points. + Strong overhead resistance: $511 – $580; the $511 mark represents the upper limit of the current sideways range, while the 52-week high sits near $584.73. - Short-term trading: + Look to accumulate positions when the price pulls back to the $435–$450 support zone and shows signs of rebounding. + Stop-loss: Place below $425 to manage risk in case the bullish price structure breaks down. + Take-profit: Target the $492 resistance level, or aim higher for the $540 zone. With Bitget Stock Perps, you can trade US stocks 24/7 on Bitget, enabling you to respond promptly to key events even outside traditional trading hours.