AMD to $700? Danielle Shay Eyes Stock Bull Case, Sees SMH Volatility Post-Earnings

<p>Ahead of AMD Inc. (AMD) earnings, Danielle Shay has expectations that a slowdown in its PC business is already priced in and is watching the $500 level as a line in the sand between bears and bulls. Proof AMD is taking market share from Intel (INTC) is something Danielle sees pushing bulls over that line. She explains that the technical set-up for AMD appears favorable and believes the stock will reach between $650 and $700. Danielle then looks to the technical trends in the VanEck Semiconductor ETF (SMH) and how a breakdown in AMD post-earnings will hit all chipmakers. </p><p><br></p><p>======== Schwab Network ========</p><p>Empowering every investor and trader, every market day.</p><p> </p><p>Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe</p><p>Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185</p><p>Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7</p><p>Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch</p><p>Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore</p><p>Watch on DistroTV - https://www.distro.tv/live/schwab-network/</p><p>Follow us on X – https://twitter.com/schwabnetwork</p><p>Follow us on Facebook – https://www.facebook.com/schwabnetwork</p><p>Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/</p><p> </p><p>About Schwab Network - https://schwabnetwork.com/about</p><p><br></p>