The rise of chip stocks was due to the popularity of Cryptocurrencies and lots of speculators piling in on the mining frenzy. Due to a cool off of the Cryptocraze there will be related downtrends in AMD and NVDA as their hardware sales have dried up and so too have the dreams of an microprocessor run economy.
Don't know how much the correction will take the price down in relation to a more realistic perspective on AMD's future growth.
Support at $16 likely.
Don't know how much the correction will take the price down in relation to a more realistic perspective on AMD's future growth.
Support at $16 likely.