Keep an eye on Advanced Micro Devices (AMD).
The tech stock just broke above double top resistance, and could potentially run back to $100 a share shortly. All after Susquehanna analysts called the bottom in the consumer electronics market, noting, “”We believe the acute portion of the semiconductor downcycle for the handset, PC and consumer end markets has passed.”
Even better, earlier this month, Raymond James has a strong buy rating on the stock, too. Plus, we have to remember that AMD could be one of the top beneficiaries of a potential $1.8 trillion artificial intelligence boom, as well.