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Advanced Micro Devices shares are up 20% in five days

I knew AMD stock was on the rise, but I didn't know that it was up twenty percent in just five days! This is great news for AMD and investors that got in at the right time. Interesting to see a massive 20% stock price increase in such a short amount of time though.

ThinkEquity did raise the shares to a "buy" because the research firm believes that orders from Dell are strong. But, Dell is not doing all that well itself. American Technology Research also raised its rating on the theory that AMD will sell some of its operations and pay down part of its very large debt load. But, that is speculation. AMD also came out with two "Intel killer" chips earlier this week. One is a high end graphics chip for PC gamers. The other is a quad-core chip that delivers more computing and eats less energy. All of the news is thrilling. But none of its means a thing.

The Street

Posted by | Wed, May 16, 2007 - 08:28 AM