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AMD stock surged over 9% this week, fueled by optimism surrounding the potential resumption of MI308 chip exports to China. The US Commerce Department's review of export license applications prompted the rally. AMD's stock price reached its highest point since late October, closing at around $160. Technical analysis suggests key resistance levels near $187 and $215, with support at $148 and $123. The stock's golden cross formation further reinforces bullish sentiment.

Prepared by Christopher Adams and reviewed by editorial team.