AMD and Nvidia Test Key Levels Amid High Interest Rates

Nvidia and AMD are approaching key levels as interest rates remain high, according to FXEmpire. The companies' stock prices have been affected by the higher rate environment.

The daily price chart for AMD shows a 50-day EMA at $481.67 and a 200-day EMA at $371.23, indicating potential support levels. Pre-market trading suggests that AMD may open slightly lower today, with $450 remaining a significant support level.

The company's performance has been lackluster of late, but it hasn't broken through major support yet. Some technical traders are considering the possibility of a rounding top, although this is not universally accepted.