$AMD TOP 20
Added 2023-05-28 18:54:18 +0000 UTCWe have a number of stocks this evening that are in the overextended territory and nobody will be surprised to see that they are all AI related. $AMD has definitely benefited from $NVDA's exceptional guidance.....I questioned how $NVDA can guarantee such high growth to justify their market cap and then they released on Friday that they have completed a share offering and increased their holdings by $10 Billion.....it remains to be seen whether or not the market will treat this as a red flag or not....other companies have done this and they got a short term pump but ultimately, revenue reigns supreme, revenue justifies market caps, not a tactical use of share price.
$AMD is very much looking extended as it rides the AI and $NVDA train, it needs to cool down to go higher further, I have put Wave 5 as shown but final waves lately appear to be going very high.
