It's also worth noting that the equity's 14-Day Relative Strength Index (RSI) sits down at 37.6, on the cusp of 'oversold' territory, and indicating a short-term bounce was imminent. Plus, AMD's Schaeffer's Volatility Scorecard (SVS) sits at 71 out of 100, meaning it's tended to exceed options traders' volatility expectations in the past year.

Santa Clara, California-based Advanced Micro Devices, Inc. (AMD) is a leading semiconductor company, specializing in high-performance and adaptive processor technologies. With a market cap of $253.2 billion,

Advanced Micro Devices stock, along with other chip stocks, are trading lower in sympathy with ASML, which fell after issuing soft guidance.

The following week, Reuters reported a victory over Intel to design a key chip for Sony 's PlayStation 6, and Citigroup reiterated AMD as a top AI pick. AMD also got a boost on the Fed's rate cut, gaining 4.5% on Sept. 19, along with a broader upswing in the market.

AMD's Advancing AI 2024 event on October 10 is crucial for showcasing next-gen accelerators and 5th Gen EPYC processors. Find out why AMD stock is a Buy.

Extra Space Storage Inc. (EXR), headquartered in Salt Lake City, Utah, is a real estate investment trust (REIT) specializing in self-storage facilities. With a market cap of $36.23 billion, Extra Space offers innovative storage solutions to meet the needs of individuals and businesses across the United States.

The New York-based company is expected to announce its fiscal Q3 earnings results before the market opens on Tuesday, Oct. 29. Ahead of this event, analysts project the biopharmaceutical company to report a profit of $0.