Chris Lau
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Chris Lau in Value Stocks,

Six Quick Points on the AMD Bullishness

AMD is trading above the $7 PT, but investors should recognize it should hold its value this year. The reasons are:

  • 1.Jim Keller is behind ZEN this time.
  • 2.Vega comes after Zen
  • 3.Short-squeeze
  • 4.Nvidia has not yet slashed prices, which would take away AMD’s price/performance advantage
  • 5.Traders are floating $10 as the price AMD will reach this year
  • 6.AMD will include RX480 sales in Q3 – October 15