AMD Stock Rally Extends as AI Momentum Fuels Multi-Year Cycle

Advanced Micro Devices continues its impressive multi-year rally, with shares now trading at $238 and demonstrating remarkable cyclical consistency. Market analyst Thegreatplunger has identified a compelling technical pattern showing that AMD has historically experienced growth surges ranging from 170% to 270% over periods lasting approximately 56 to 62 weeks, followed by retracements in the 50%-60% range. The current cycle, which began in mid-2023 and extends into late 2025, appears to be following this same structural rhythm.

The technical setup reveals critical support levels positioned near $149 and $123, anchored by the 100-week and 200-week moving averages. Chart projections suggest potential upside targets beyond $260-$280 in the next growth phase, though near-term consolidation remains possible. Notably, @Thegreatplunger observed that the stock “certainly did not disappoint,” reflecting widespread investor confidence in AMD’s trajectory.

Beyond technical factors, AMD’s rally is underpinned by powerful fundamental drivers. The explosive growth in AI computing demand, data center infrastructure, and edge processing hardware has positioned AMD as a central player in the semiconductor revolution. The company continues to strengthen its competitive position against industry leaders like NVIDIA and Intel, with its product portfolio increasingly aligned with the most dynamic segments of the chip market.

This convergence of technical symmetry and fundamental strength suggests AMD’s current advance represents more than a temporary rally—it reflects a sustained structural trend powered by one of the most transformative technology shifts of the decade.