Nvidia-Intel Partnership Impacts Advanced Micro Shares

Advanced Micro shares, a strong competitor to Nvidia, 

declined today after Intel and Nvidia announced a partnership

 to develop artificial intelligence infrastructure.

Advanced shares fell about 5% immediately after the announcement.

On the other hand, Nvidia shares rose about 3.1%.

Intel shares rose sharply, reaching nearly 30%.

Nvidia also announced an investment of more than $5 billion 

in Intel shares, which strengthens the partnership between the two companies.

Technically

AMD shares are currently trading at $150.

If a full-day candle closes below the current support levels,

which are the same levels, we may see a continued decline.

It may reach $135.

If the price rebounds, rises, and closes above $156,

We may see a renewed upward trend toward $166 and then $171.