Advanced Micro Devices (AMD) has shown notable strength in the market, with its stock price rising by 1.30% in pre-market trading on December 3, 2024. Analysts have observed that AMD's daily chart has successfully held a key trendline and surpassed the 10 and 21-day moving averages. This positive momentum follows a period of stability, as the semiconductor sector, represented by the Semiconductor ETF ($SMH), is attempting to maintain its position near significant levels established earlier this year. Other semiconductor companies, including Taiwan Semiconductor Manufacturing Company (TSMC) ($TSM), have also displayed similar upward trends, indicating a broader recovery in the industry.