It Can’t Get Any Better for AMD

Morgan Stanley was forced to eat its bearish call, Microsoft is using AMD chips in its next generation Xbox and well, it’s as good as it gets for AMD, considering the still-challenging macro backdrop for Semis.

For my purposes, I’ll say thank you and book the 20% (on the most recent buy; I’ve traded it before), and see you next time. Excitement aside, it seems over valued to me. The momos can take it from here.

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