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AMD’s stock moves into risky territory on Google gaming hype

Momentum investors have abandoned common sense and gone mad over a new announcement in the world of video games.

Alphabet’s Google GOOG, +2.26%GOOGL, +2.20% has announced a cloud-based gaming service called Stadia. Stadia is meant to be the Netflix NFLX, +4.02% of gaming. Gamers will be able to stream complex games to their screens without needing consoles or high-powered graphic chips in their computers.

Let’s explore how the momentum crowd is viewing Advanced Micro Devices AMD, -0.17% incorrectly.

Read:Google and Nvidia display competing views of the future of streaming videogames

Chart

Please click here for an annotated chart of AMD.

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