Alright, AMD at 355.26 is officially the speedrun any% for "how fast can this stock break my brain." Seriously, scroll back a year and you see it chilling at 98 and change. It just pulled a quadruple jump like it's trying to be the next meme king, not a semiconductor company. Everyone and their grandma are now pretending they were long since single digits. Sure, I missed the first rocket, but who's counting (me, it's me)?

I’m not buying the hype at this level. This thing is overdue for a faceplant. The run from 236 at the start of April to 347 in late April isn't just aggressive, it's basically an NFT pump but with CPUs. Valuation is stretched thinner than my patience for another "just buy and hold" post. People are pricing in infinite server wins and endless GPU demand and conveniently forgetting that competition can punch back (hey there, Intel and NVIDIA, they're still breathing).

Bearish here. My target? 305.26. That’s right, I’m calling for a 50 point cooldown over the next 7 weeks. The main reason: profit taking and funds rotating out after this insane run. Second: market's going to be on edge until AMD actually delivers something concrete next earnings. That’s the only catalyst that matters if they somehow beat and raise again, maybe I eat my words, but I think the rally’s run out of gas for now.

Biggest risk is that the FOMO crowd is just getting started and squeezes me into oblivion. Not gonna lie, wouldn’t be the first time. But after seeing this chart, I’m happy to watch from the sidelines or maybe short a little for the memes.