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Barchart
Barchart
Mark R. Hake, CFA

Unusual Activity in Advanced Micro Devices Options Highlight Investors' Enthusiasm - But Is AMD Stock at a Peak?

AMD Advanced Micro Devices OpenAI Nvidia Barchart

Today, a large volume of Advanced Micro Devices (AMD) call options are trading after it announced a major deal with OpenAI on Monday, Oct. 6. AMD rose over 28.5% in the prior two days and is up 6% again today. To say the least, investors are bullish on its upside. But is all the hype overdone? Is AMD stock close to its price target?

AMD is at $224.13 in midday trading, up +36.1% from $164.67, where it closed on Friday, Oct. 3.

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