Hi everyone.
On 10/5/2023, our system had provided one stock pick and the result is as below:
AMD – (Buy) – Profit
The Dow Jones finished more than 30 points lower on Wednesday, while the S&P 500 gained 0.4%. The tech-heavy Nasdaq 100 touched August highs and added 1%, lifted by big tech names such as Amazon (+3.3%), Alphabet (+4.1%), Apple (+2.8%), and Microsoft (+1.7%).
Let’s review our stock pick on Wednesday.
A call for buy for AMD which resulted in a profit. Our system entered the market at $98.47 and the price hit our adjusted TP at $99.00.
Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. It operates in four segments: Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products. It also provides processors under the AMD Ryzen, AMD Ryzen PRO, Ryzen Threadripper, Ryzen Threadripper PRO, AMD Athlon, AMD Athlon PRO, and AMD PRO A-Series brand names; graphics under the AMD Radeon graphics and AMD Embedded Radeon graphics; and professional graphics under the AMD Radeon Pro graphics brand name.
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