AMD rocketed to a near-term peak above $570 in late July on AI hype, then plunged 12% within a month after Q2 earnings release. Though revenue and EPS beat consensus, conservative Q3 guidance and spiking capital expenditure triggered profit-taking.
The stock rebounded moderately to around $518 recently, supported by sustained orders from OpenAI and Meta. Nvidia’s CUDA dominance and tight TSMC capacity remain major headwinds, while Helios rack-scale AI products are the core long-term bull catalyst.
I bought AMD stock at $480 yesterday. You can see my buying points on the moomoo chart. I'm debating whether to take profits now or hold on for the long term. Any suggestions?
