AMD and Intel Extend Rally Despite RSI Flashing Overbought for Weeks
BeInCrypto
AMD and Intel continue their stock market rallies driven by strong earnings, despite technical indicators signaling that both stocks are significantly overbought.Summary
AMD and Intel have defied traditional technical analysis by extending their rallies despite maintaining 14-day RSI readings above 70 for several weeks. Both companies reported strong quarterly earnings that exceeded market expectations, fueling investor momentum and demand for their data center and AI-related products. While some analysts have raised valuation concerns, the market continues to favor these semiconductor stocks as momentum funds prioritize growth over standard overbought signals.
(Source：BeInCrypto)