AMD rebound case rests on data centers as $650–$700 targets hinge on support

AMD’s data center and AI businesses could support a recovery in its shares, but earnings volatility remains a risk. A longer-term $650–$700 target range depends on the stock holding key technical support. In a Schwab Network interview on November 3, Danielle Shea of Simpler Trading identified data center growth as the main earnings indicator to watch. She expected a PC slowdown but said positive data center results could help AMD break above $500 if recent selling had already reflected those concerns. Shea also pointed to AMD taking market share from Intel.

Source: TokenPost