Rumors of an Intel buyout.
When this is revealed as false, you will see AMD head right back down to the low 2s.
Intel doesn't want AMD. Intel doesn't need AMD (Intel is already taking away AMD's customers each and every quarter). Intel would be hard pressed to get clearance from the DOJ for an AMD purchase.
Moreover, no one else wants or needs AMD for anything. Everything AMD offers is a distant second or third best.
See you suckers at $2.20 by the end of May.
ill see you @ $4.20
Did you cover today from your burn?
it won;t be Intel who buys AMD, it will be another player like Qualcomm or Apple or Samsung.
Don't forget Big Blue (IBM), Lenovo, and Apple. All 3 of these have been rumored in the past as candidates to take over AMD. Oh yeah, Rory is ex IBM and Lenovo.