Watch These AMD Price Levels as Stock Continues Surging on OpenAI Deal

Core Insights - Advanced Micro Devices (AMD) shares experienced a significant rise following a multi-year supply agreement with OpenAI, which is expected to generate over $100 billion in new revenue for AMD over four years [2][9] - AMD's stock surged 24% on Monday and continued to rise, reaching a 19-month high, outperforming Nvidia's stock performance this year [3][9] Stock Performance - AMD shares are currently trading at around $215, marking a 77% increase since the beginning of the year, compared to Nvidia's 40% return [3] - The stock's recent breakout from an inverse head and shoulders pattern indicates potential for further buying momentum [4][9] Technical Analysis - Critical overhead areas to monitor include $227, which is near Monday's high, and a projected bullish target of $272, calculated using chart pattern analysis [6][7] - Support levels to watch during potential pullbacks are around $174, which aligns with the inverse head and shoulders' neckline, and $150, which could provide support near the two shoulders of the pattern [8][9]