AMD ripped +37% after announcing a 6 GW GPU supply deal with OpenAI, including a 10% warrant structure tied to performance and stock price.
Yes, the partnership validates AMD as a serious Nvidia rival — but much of that sentiment is already priced in.
Now we enter the quiet phase:
Price is retesting March 2024 highs. A double top may be forming — or just healthy consolidation. Until real revenue shows up or a new win (Meta, AWS, etc.) breaks the news cycle, this may drift or correct.
Treat the March 2024 resistance as key. Eye the April rally leg for a possible pullback zone. High expectations, but execution is everything now.
Yes, the partnership validates AMD as a serious Nvidia rival — but much of that sentiment is already priced in.
Now we enter the quiet phase:
- Revenue from the deal won’t hit until 2H 2026
- No near-term earnings catalyst
- No immediate follow-through customer (yet)
Price is retesting March 2024 highs. A double top may be forming — or just healthy consolidation. Until real revenue shows up or a new win (Meta, AWS, etc.) breaks the news cycle, this may drift or correct.
Treat the March 2024 resistance as key. Eye the April rally leg for a possible pullback zone. High expectations, but execution is everything now.
Trading leveraged products carries a high level of risk and may result in losses exceeding your initial investment; ensure you fully understand the risks involved.
-
Use your TradingView charts to trade your Alchemy account: bit.ly/4oap4CY
-
Use your TradingView charts to trade your Alchemy account: bit.ly/4oap4CY
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trading leveraged products carries a high level of risk and may result in losses exceeding your initial investment; ensure you fully understand the risks involved.
-
Use your TradingView charts to trade your Alchemy account: bit.ly/4oap4CY
-
Use your TradingView charts to trade your Alchemy account: bit.ly/4oap4CY
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.