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AMD Jumps 18% Premarket as Intel Extends Rally Despite Overbought RSI
AMD climbed roughly 18% in pre-market trading on May 6 after a Q1 beat, while Intel extended its run with a 13% gain to a fresh all-time high near $108. AMD reported $10.25 billion in Q1 revenue and guided Q2 revenue to about $11.2 billion, while Intel posted $13.6 billion in late-April revenue. Both stocks kept 14-day RSI readings above 70 for much of April without triggering the pullbacks that standard chart logic usually expects.