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Wajeeh Khan

As AMD Surges 16% Following Earnings, Here's What Barchart Data Says Comes Next for AMD Stock

AMD Barchart Advanced Micro Devices James Schneider Goldman Sachs

Advanced Micro Devices (AMD) shares are ripping higher on Wednesday after the company reported blockbuster financials for its Q1 and offered impressive guidance for the future. 

As investors cheered the firm’s 57% year-on-year increase in data center revenue, AMD’s relative strength index (RSI) climbed into the early 80s, signaling overbought conditions that often precede a pullback. 

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