Advanced Micro Devices, Inc. (AMD) Gearing For A Breakout

The share price of Advanced Micro Devices, Inc. (NASDAQ: AMD) is setting sail for a 50% breakout albeit market condition is overbought.

Sitting with an RSI of 73, Advance Micro Devices (AMD) shows continuous bullish momentum with the daily price chart indicating a golden cross pattern- this is an interception between the 50day-MA and the 200-day MA indicating bullish momentum building.

In another news, - Advance Micro Devices (NASDAQ: AMD) today announced the completion of the agreement to divest the ZT Systems U.S.-headquartered data center infrastructure manufacturing business to Sanmina (NASDAQ: SANM).

About AMD
Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. It operates in three segments: Data Center, Client and Gaming, and Embedded. The company offers artificial intelligence (AI) accelerators, x86 microprocessors, and graphics processing units (GPUs) as standalone devices or as incorporated into accelerated processing units, chipsets, and data center and professional GPUs; and embedded processors and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology.