TradingKey – Advanced Micro Devices (NASDAQ: AMD) stands at $575, having pierced through the symmetrical triangle on the 4-hour chart. Green candles display firm buyer interest in the breakout territory, with the RSI at 66.83 sitting in neutral-bullish ground without any bearish divergence. In Q1 2026 earnings on May 5, AMD clocked in with revenues of $10.25 billion (up 38% year-on-year), non-GAAP earnings per share (EPS) of $1.37, and non-GAAP operating income of $2.5 billion, as well as an all-time quarterly free cash flow in absolute terms.

The company saw an 18% share price increase the day after the earnings (one of the biggest single-day movements in recent memory for a company of AMD’s market capitalisation), and the stock has…