AMD To Invest $400M To Expand Research, Development And Engineering Operations In India
Advanced Micro Devices, Inc (NASDAQ:AMD) shared plans for continued growth in India through an approximate $400 million investment over the next five years.
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00:00 - Another one that I'm looking at, of course, is AMD.
00:03 They had some news today.
00:04 I just want to kind of state it here
00:05 as they plan to invest about 400 million in India
00:09 over the next five years,
00:10 which will include a largest design center in the country.
00:14 So it looks like more and more companies moving to India
00:18 is something that I think we should all look out for
00:21 as of course, what is this?
00:23 A move away from China, of course.
00:26 Let's keep a watch on this
00:27 as we see more investment in India.
00:29 Yeah, a couple pops here.
00:31 I mean, this is just kind of hanging out, you know,
00:34 near the 110 area, getting a nice pop.
00:37 I just alert traders, investors,
00:39 that really important to take out this 115 area.
00:43 You had a high 1505 a couple of days ago,
00:47 then yesterday before the big reversal, 1508.
00:51 So there's your level.
00:52 That's what you want to take out today.
00:54 The longer it takes,
00:55 that's still two bucks away with the big rally
00:57 in the market.
00:58 So if you can't get that longer,
01:00 it takes to get over that 115,
01:02 maybe more migrate back towards the lows
01:05 from last couple of days,
01:07 which were right around 110, 111.
01:09 Yep, been a laggard.