Tomorrow is gonna start slow but AMD stock price should get a big boost near the closing bell. After the close AMD will announce a revenue close to (if not exceeding) 1 Billion dollars on strong sales of Athlons (1.1 million sold this quarter) and extreemly robust flash memory business. After hours, AMD goes up 3 points. On Thursday, AMD will close up 7 points.
I really believe it will happen but if you think I am dreaming, don't wake me up.
earnings. If earnings are positive, .05 or better price should pop. AMD is vastly undervalued. If you take next year's projection of 1.25 and give it a fully valued P/E of 100, AMD should be 125, not 39. 50 should only be a starting point.