I have added AMD to my portfolio, and I wanted to share my reasoning behind this move. While the technicals aren't flashing bullish signals right now, I believe this is a strategic opportunity to accumulate shares for the long term. Here's my analysis:

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📈 Technical Analysis:

1. Current Price Action:

AMD is currently trading below its 50-day, 100-day, and 200-day SMAs, indicating a bearish trend in the short term. However, this could present a buying opportunity for long-term investors looking to enter at a lower price.

2. Strong Support at $130:

The stock has established strong support around the $130 level, which has held multiple times in the past. This level could act as a floor for the stock, providing a good risk-reward setup for entry.

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📊 Fundamental Analysis:

1. Quantum Computing Expansion:

AMD is strategically entering the quantum computing space, positioning itself to capitalize on the potential exponential growth in processing power. This move could open up new revenue streams and solidify its role as a leader in next-generation computing technologies.

2. Complicated Cross-Licensing Arrangement with Intel:

Intel's convoluted cross-licensing arrangement with AMD could complicate any potential buyout talks involving Intel. In the most extreme scenario, AMD may even have the ability to block a sale, giving it significant leverage in the competitive landscape.

3. Data Center Challenges:

While AMD has made significant strides in the data center market, sales in this segment could still face headwinds due to macroeconomic conditions or competitive pressures. This remains a key area to monitor moving forward.

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Why I Bought:

-Short-Term: The stock is near a strong support level ($130), which could provide a good entry point for accumulation.

-Long-Term: AMD's strategic moves in quantum computing, its competitive positioning against Intel, and its leadership in next-generation technologies make it a compelling hold for the future.