First, the US economy has grown faster than expected and unemployment dropped by .3 to 7%, that why the dow is at 1600. couple this with blowout earning from AMD and great guidance for 2014 a..a.Shorts we have a problem.
Second GF and AMD same owners, no doubt a deal will worked out, seriously without a doubt..its just good business.
3rd. The big boys are clearly choosing AMD over INTEL and NVDA, they are tired of being ripped off, but more importantly, they want to protect a company that is truly innovative. Why? Because the big boys need that to sell mew products and to cut costs and AMD is helping do this. Intel has been stealing AMD ideas and everyone knows this. This time around there will be none of that since now they are creating an ecosystem for programmers and revolutionized the chip business with APU and USA. At 28nm they APU can outperform the combination of NVDA and Intel, imagine what will happen when they go to 10nm.
Bottom line , 2014-2015 its all about AMD
While I like AMD ......the unemployment numbers are rigged by lowering the participation rate. The fed will taper in May. Amd will probably still go up but I would expect the market to pull back into summer.