$AMD TOP 20
Added 2024-08-19 20:38:03 +0000 UTCVery solid run today from $AMD after revealing they are acquiring another company, a second company in a week to help hyperscale AI infrastructure.
$AMD is using both cash and stocks to purchase this company and they expect to complete this next year, $AMD also explained today that they do not expect much dilution to this purchase which is likely why the market pushed this higher
Usually acquisitions purchased with stock can have a negative effect on the share price in the short term because it will dilute the current holdings
Price bounced exactly to the 50 Day MA today, just short of the 200 Day MA, so the commentary from yesterday's chart has been perfect here
Plan remains the same, if we see a pull back at the 200 Day MA, the pull back levels remain as shown in green.
