The US halts both AMD and Nvidia from selling premium chips to China, Russia. $NVDA stock is down nearly 5% in Thursday's premarket. $AMD stock is also down close to 4% by claymarkets stocks trading
AMD had trouble hanging onto the $100 psychological level
. The most likely progression here is a continuation of the trend to the low $70s. The area between $71.60 and $75 has worked as support in 12 separate weeks over the past two years.down to further support at $59 but that seems only likely if the macro picture grows much worse. The Relative Strength Index should bottom out near 30 before a reversal begins.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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