Advanced Micro Devices (AMD) is showing signs of a potential recovery, with its stock rising by 5% as it approaches its 200-week moving average (MA200) following a 10-month correction. Analysts note that the MA200 has previously acted as a support level, initiating bullish trends after previous tests. Other semiconductor stocks, including Nvidia (NVDA), Taiwan Semiconductor Manufacturing Company (TSM), and Broadcom (AVGO), are also experiencing upward momentum, contributing to a broader rally in the semiconductor sector. The Semiconductor ETF (SMH) has increased by over 2%, indicating strong performance across the industry despite some underperformers like AMD and Microchip Technology (MCHP). Market sentiment appears to be shifting positively, with bullish trading activity noted for AMD as it reverses off recent lows.