![]() Many chart analysts expect the stock to blow past that level in the near future. The stock hit a new 52-week high and now sits 3.6% below the stock's all-time high of $164.46 set in the fourth quarter of 2021. ![]() Shares finished Tuesday's session up 8.3% to $158.74, a huge move without a clear catalyst other than some bullish analyst commentary. ![]() "AMD is leading the charge." AMD mountain AMD shares over the last year While technical analysts can't specifically pinpoint when that breakout may occur, they note that closely watched moving averages are on the rise, and that's typically regarded as a bullish sign for an asset. "It hasn't broken out to a new all-time high yet, but the pattern is bullish, the monthly chart on AMD is bullish, and the semiconductor sector index looks bullish as well," said Dan Wantrobski, associate director of research at Janney Montgomery Scott. Some closely watched momentum indicators and a bullish overall chart suggest popular AI chipmaker Advanced Micro Devices is headed for new highs in the near future. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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