AMD Stock Jumps After OpenAI Deal, But Rally In Late Stages

Core Viewpoint - Advanced Micro Devices (AMD) has experienced a significant price increase of over 30% following an agreement with OpenAI, indicating strong market interest and bullish sentiment around the stock [1]. Group 1: Price Movement and Technical Analysis - AMD is currently retesting the March 2024 highs, which suggests that the stock may be in the late stages of its recovery phase [2]. - The price action has formed a clear five-wave rise from the lows in April 2025, confirming the bullish structure anticipated earlier [1]. Group 2: Market Sentiment and Risks - Despite the prevailing bullish sentiment, there is a potential risk of a market reversal in the coming weeks, which could lead to the filling of open gaps below the current price levels [2].