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00:02Advanced Micro Devices' stock edged lower in Tuesday's pre-market session
00:06as investors took profits after a strong multi-month rally, according to Benzinga.
00:12NASDAQ futures rose 0.12%, while S&P 500 futures gained 0.11%.
00:19The stock remains near recent highs as AMD continues to benefit from optimism around
00:24AI infrastructure spending and high-performance computing chip demand.
00:28The semiconductor company introduced new Versal Premium Gen 2 chips
00:32that combine up to 32 gigabytes of memory in one package,
00:35delivering higher bandwidth while using less board space.
00:39Samples are expected by the end of 2026,
00:42with production shipments planned for the second half of 2027.
00:46AMD's technical picture remains positive,
00:48but momentum has cooled as traders watch resistance near $546.50
00:53and support around $437.
00:56The company's next major catalyst is expected to be its August 4th earnings report.
01:02Shares were down by 0.43% at $537.15 in Tuesday's pre-market trading,
01:09according to Benzinga ProData.
01:10For all things money, visit Benzinga.com.
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