$AMD up roughly 5% after earnings. $13.4B in revenue is a strong result, and it's pretty clear AI demand is still doing a lot of the heavy lifting for AMD. But I'm not getting carried away with the green candle just yet. The demand is there, no doubt. What I'm more curious about is how AMD handles the margin pressure and HBM supply constraints as it tries to keep up with that demand. Growing revenue is one thing; turning that growth into stronger profitability is another. On the chart, I'm keeping an eye on $500–520. I'd like to see buyers actually hold above $520 before getting too excited about $548–562. Good earnings, but I still want to see what the market does with them. Not every earnings pop deserves to be chased. #Macro Insights# #AMD #Stocks