AMD continues a bullish week, rising 3.7% on Tuesday, May 16. Advanced Micro Devices has gained 6.34% in the last two trading days.

AMD is facing new opportunities as Taiwanese competitors struggle due to the conflict in Ukraine.

With respect to the S&P 500 Index, AMD has strong price action, positive momentum, institutional purchasing support, and relative strength. The US chipmaker is facing new opportunities as Taiwanese competitors struggle. Taiwan Semiconductor Mfg. Co. Ltd. has reported increasing expenses as a result of the conflict in Ukraine.

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