I also think AMD is a takeover target but that does not mean that i'll be nieve about the topic, what i see written over this past weekend is speculation of a deal between apple and globalfoundries, nowhere is it written about a possible deal with apple and AMD. AMD SP will ascend beyond analyst's estimates regardless of rumors. The takeover of LEAP on Friday by ATT should be a wakeup call to shorts and those hoping to see a decline in AMDs share price.
The upgrades to counter the downgrades and negative articles written are fun to watch, all the while the fact is the SP has continue to rise.
In a recent article by seeking aplha, the author said he will short the stock at $4.30 and place a trailing stop all the way to $6.00, this had me laughting for a veeery long time, really??!!!
The BOA-ML 180 degree upgrade should be a huge hint of what's to come for this company, as a side note/ question, when was the last time anyone seen such an upgrade?
Another observation to share: Anytime analysts upgrade a stock days / weeks prior to earnings, the company usually beats or provided the necessary ingredients to propel the SP north, and in this particular case, we have had several big names!
Say what you want about analysts, but i am most certain they aren't trying to stick their foot in their mouth come Thursday.