AI Chip Stocks NVDA and AMD Showing 5 Wave Rise

NVDA and AMD are both showing 5 wave rise in weekly chart after a correction in WXY. I haven't checked but other AI related stocks also might be doing something similar.

Once the 5 waves are over, we can expect some correction but the 5-wave rise post a correction typically signals fresh uptrend so it might be worth keeping an eye on these stocks. Waiting till retracement/correction of this rise is complete.