AMD Stock Surges on AI Chip Optimism, Closing at 14-Month High
- AMD gained over 8% Tuesday to close at highest level since late 2021 amid AI chip optimism
- Barclays sees $4B in AMD AI chip sales this year; KeyBanc also forecasts growth
- AMD closed above flag pattern, suggesting further bullish momentum
- Stock back above June 2023 swing high; successful retest in recent weeks
- Investors should watch $164.5 level which may see resistance from all-time high