TradingKey – AMD short covering and buying momentum push stock up 24% over five days, with technicals signaling potential for another 15% surge toward all-time highs.

On November 11, Eastern Time, shares of Advanced Micro Devices (AMD) surged over 7% in regular trading and rose another 4% after hours, demonstrating formidable explosive momentum. Benefiting from expanding data center chip market share, continued capex acceleration from cloud hyperscalers, and strong sentiment spillover across the broader semiconductor sector, AMD surged 24% in just five trading sessions, triggering aggressive buying from short-term bulls and setting it up to potentially retest its all-time high of $658.

Following a pullback in semiconductors from October…