The Latest Breaking News from Advanced Micro Devices

On Sunday evening, Benzinga asked its followers on Twitter what they’re buying at the open on Monday. From the replies, Benzinga selected one ticker for technical analysis.

Someone with a lot of money to spend has taken a bullish stance on Advanced Micro Devices (NASDAQ:AMD). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

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As hybrid working arrangements and digitization are expected to continue and the shift toward electric vehicles (EV) gains momentum, the demand for semiconductor chips is expected to remain high. Therefore, Micron Technology (MU) and Advanced Micro Devices (AMD) should benefit. But which of these stocks is a better buy now?…

Advanced Micro Devices (NASDAQ:AMD) has outperformed the market over the past 5 years by 38.06% on an annualized basis producing an average annual return of 51.93%. Currently, Advanced Micro Devices has a market capitalization of $191.65 billion.

If history is any guide, there may be trouble ahead for shares of Advanced Micro Devices (NASDAQ:AMD). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

Semiconductor stocks, such as Advanced Micro Devices (AMD) and ASML Holding (ASML), have moved lower by a significant margin in 2022. Despite the recent weakness, both stocks have strong fundamentals and operate in a market where they enjoy leadership positions. Between the two, let’s see which is a better buy.

A whale with a lot of money to spend has taken a noticeably bearish stance on Advanced Micro Devices. Looking at options history for Advanced Micro Devices (NASDAQ:AMD) we detected 17 strange trades.

A whale with a lot of money to spend has taken a noticeably bearish stance on Advanced Micro Devices. Looking at options history for Advanced Micro Devices (NASDAQ:AMD) we detected 41 strange trades.