Technical analyst maps out the ‘massive buy' opportunity for AMD stock

Advanced Micro Devices (NASDAQ: AMD) has had a challenging start to 2024, sliding over 18% since the beginning of the year. Despite delivering a double beat on both earnings per share (EPS) and revenue in its Q4 and FY 2024 earnings report on February 4, the results were overshadowed by a miss in data center revenue, which came in significantly below forecasts.AMD year-to-date price chart. Source: FinboldThe disappointment has sent AMD shares lower, with the stock slipping to $98.85 as of press time, markin ...