AMD Inventory Continues Surging as Exports to China Set to Resume—Watch These Key Value Ranges

Superior Micro Units (AMD) shares climbed once more Wednesday amid optimism in regards to the firm’s plans to restart exports of its MI308 chips to China as soon as it receives closing approval from U.S. authorities.

Experiences that the U.S. Commerce Division had knowledgeable the corporate that it’ll as soon as once more evaluate purposes for licenses to promote the chips in China despatched AMD shares greater than 6% larger on Tuesday. The inventory gained one other 3% Wednesday, closing at round $160, its highest degree since late October.

Rival chip large Nvidia (NVDA) had introduced late Monday that it deliberate to renew exports of its H20 chips to China after receiving assurances from the Trump administration that the restrictions that had been imposed in April could be lifted. AMD had beforehand stated it anticipated to face costs of as much as $800 million associated to the export of its MI308 chip, whereas Nvidia anticipated the curbs to price it $5.5 billion. 

AMD shares have greater than doubled since hitting their low for the yr in early April. The inventory is up 33% to this point in 2025, outpacing Nvidia’s 28% year-to-date acquire.

Beneath, we take a more in-depth take a look at AMD’s chart and apply technical evaluation to level out worth ranges that buyers will seemingly be watching.

Golden Cross Fashioned

AMD shares gapped above a decent rectangle formation in Tuesday’s buying and selling session, laying the groundwork for a continuation transfer larger.

Importantly, the breakout occurred on the best quantity since mid-June, suggesting shopping for conviction from bigger market contributors. Furthermore, the relative power index confirms bullish momentum, although it additionally flashes overbought situations with a studying above the indicator’s 70 threshold.

It’s additionally value noting that the 50-day shifting common crossed above the 200-day MA on Wednesday to type a golden cross, a chart sign that signifies the beginning of a brand new development larger.

Let’s determine two key overhead areas to observe if momentum retains constructing in AMD shares and likewise find assist ranges value monitoring throughout potential retracements within the inventory.

 Key Overhead Areas to Watch

The primary overhead space to observe sits round $187. This space on the chart might present resistance close to the January 2024 peak and final yr’s July countertrend excessive. The situation additionally roughly aligns with a measured transfer worth goal that calculates the space of the inventory’s development that preceded the rectangle and provides that quantity to the formation’s prime trendline.

A profitable shut above this space might gasoline a rally towards $215. Tactical merchants will seemingly eye this degree carefully, given it sits slightly below final yr’s excessive, marked by a textbook capturing star candlestick sample.

Vital Help Ranges Price Monitoring

Throughout retracements, buyers ought to initially monitor the $148 degree. Traders who keep away from chasing breakouts could search for shopping for alternatives on this location close to the highest of the rectangle formation, which touches a horizontal line extending again to December 2023.

Lastly, a deeper pullback in AMD shares might see the value retest decrease ranges round $123. This space on the chart finds a confluence of assist close to the important thing shifting averages and a trendline that connects a spread of corresponding buying and selling exercise stretching from November 2023 to June this yr.

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As of the date this text was written, the creator doesn’t personal any of the above securities.