NASDAQ remains cautiously bullish with tech earnings outperforming.
AMD Q3 highlights:
• Revenue: $9.25B, up 36% YoY / 20% QoQ
• Adj. EPS: $1.20, beat vs. $1.17 expected
• Free cash flow: +208% YoY
• MI-Series AI hardware ramping via new OpenAI collaboration
While technical momentum softened earlier, fundamental demand for compute remains explosive.
Key Levels: Support 25,248.9 │ Resistance 26,333.7
Investor Takeaway: RSI 42 turning higher; MACD mixed. Strong AI results overshadow macro softness — dips remain attractive for tech accumulation.