
Advanced Micro Devices (AMD) is set to report its earnings on October 29, 2024, after the market closes. The stock has experienced a recovery from the low 170s following a recent AI summit, with some investors expressing optimism about a potential squeeze next week. Pre-market trading has shown a 1.18% rise in AMD shares, attributed to positive developments in artificial intelligence (AI) and high-performance computing (HPC) technologies. Analysts are watching for the stock to bounce off a support trendline and fill a gap at $165. Additionally, there has been notable activity in AMD call options ahead of the earnings announcement, indicating bullish sentiment among traders.
