Stock Token Recommendation: $AMD ‌

Although it has recently pulled back along with tech stocks, I believe this is more of a correction within a bullish trend rather than a fundamental weakening.

From a fundamental perspective, AMD’s latest quarterly earnings were still strong, with Q1 revenue reaching $10.3 billion, up 38% year-over-year. The data center business continues to grow at a high speed, and the company has provided a Q2 forecast that exceeds market expectations, indicating that demand for AI infrastructure remains strong, with corporate purchases of AI GPUs and server chips showing no signs of cooling.

From a technical perspective, the daily chart still maintains a medium- to long-term bullish structure. The current move is merely a pullback to moving averages and consolidation range, without breaking key support. As long as it can stand firm above the recent resistance level, there is still a chance for a new round of rebound in the short term.

The biggest variable in the market tonight is the US Core PCE data. If the inflation data comes in below or in line with market expectations, it will help improve expectations for Fed policy, tech stocks risk appetite is likely to pick up, and AMD could see a technical rebound. If the data exceeds expectations, the market may reprice higher rate expectations, and short-term volatility should be watched closely.

My trading logic remains unchanged:
AMD’s medium- to long-term AI growth narrative hasn’t changed. In the short term, I do not recommend chasing highs. Patiently wait for the market direction to clarify after the PCE release, then look for entry opportunities on pullback stabilization or breakout confirmation, which is more advantageous than betting on data in advance.