Investors should be on the lookout for pullbacks in rallying chipmakers and other stocks after the market’s jump this week. The three major indexes surged this week, with the S & P 500 recording its biggest one-week gain since May. The Nasdaq Composite posted its 13th straight winning day, a first going back to 1992. But some corners of the market contributed more than others. The S & P 500’s information technology sector climbed 8% week to date, while the energy sector dropped 3.5%. The relative strength indicator, which measures the magnitude and speed of price moves, is a popular metric used to evaluate whether shares are overbought or oversold. A stock with a 14-day RSI above 70 is considered overbought, signaling a possible selling opportunity. On the other hand, those with 14-day RSIs below 30 are considered oversold, meaning there could be an entry point for investors. Because of the market’s sizable gain this week, CNBC Pro screened for overbought stocks. Here are the names that made the list: Advanced Micro Devices topped the list with an RSI above 80. Shares jumped more than 13% this week, marking the chip stock’s sixth straight winning week. That drove the stock’s gain for 2026 up to nearly 30%. Despite concerns of a pullback, most analysts polled by FactSet have a buy rating. But the typical price target suggests that most of the upside may already be in place, with analysts expecting about 5% more room to run on average. AMD 5D mountain AMD, 5-day AMD wasn’t the only chip stock on the list. ON Semiconductor , Intel and Broadcom followed with RSIs in the high 70s. Beyond chipmakers, Synchrony Financial made the cut with an RSI of nearly 74. Shares rose more than 8% this week, but is still down more than 6% on the year. But Wall Street expects a rebound ahead: The majority of analysts have a buy rating with a price target signaling the stock can add more than 8% over the next year, per FactSet.
These chipmakers and other stocks are overbought after the market rally this week
Apr 18, 2026
