Retail investors net sold AMD shares for three consecutive days to raise cash for SpaceX’s upcoming $1.75 trillion IPO at $135 per share, driving heavy chip-stock outflows. At $475.51, AMD shares have surged 129% year-to-date but face a technical warning signal, prompting a hold rating.
Individual investors net sold AMD shares for three straight days through Wednesday, reallocating funds toward SpaceX’s IPO, which is priced at $135 per share and valued at $1.75 trillion. Heavy outflows in chip names like AMD were driven by estimates that retail and passive flows into SpaceX could reach $50 billion, intensifying selling pressure.
AMD stock has climbed 129% year-to-date, reflecting strong demand for its processors and AI chips. Despite the rally, technical analysis flags a flashing red light above $475.51, suggesting the share price may be overextended in the short term.
Analysts warn that the combination of retail profit-taking and the technical warning could limit near-term upside for AMD. The current hold rating at $475.51 reflects expectations that the stock may consolidate before resuming any further advance.
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