Seems like we will end up having the largest volume day for 2016.. Am I seeing this right? Already more than 86 million shares?
When I left this morning I thought AMD had a chance to going green and still put a bid in for 25 cents on the OCT 21 $7 calls and did not expect it to fill but it did as the markets fell off a cliff. That was my 2nd buy on the calls. With 3 days of extreme short pressure AMD is now oversold and ripe to pop IMO if market conditions are right. The shorts have had an advantage of 3 down market days as well as the semiconductor sector being down. Even NVDA lost 4.98% today. Why has AMD fell so hard? High short interest is a big factor. If you don't think the shorts were out in full force look at the graphic below. It was that way all day. 27 million shares traded in pre market
A Look Back at AMD’s History and Future in the Mobile Market Ten years ago, AMD bought Canadian GPU manufacturer ATI Technologies, in an attempt to expand their portfolio, and to work towards integrated systems like we are seeing with their Fusion APUs (not to be confused with the other just announced Fusion chip), and with mobile SoCs today. Shortly after the acquisition, they sold off some of their non-core business units in order to focus on CPUs and GPUs for desktops and laptops. In 2008 and 2009, AMD sold off their fabrication division (GlobalFoundries), their set-top box SoC division (Xilleon), and their mobile GPU division (then known as Imageon, and now known as Qualcomm Adreno). While they sold Imageon to Qualcomm for relatively little, just $65 million as it was underperforming in the mobile market that was dominated by feature phones and PDAs at the time, they did see the potential to re-enter the market in the future, and decided to keep the Imageon brand name (something that they didn’t do for Xilleon). That short period between AMD purchasing ATI and selling off Imageon resulted in some interesting combinations like the HTC Advantage, a 5” touchscreen phone in early 2007 with an ARM Intel CPU and AMD graphics. AMD kept the Imageon brand name because even at that point in time, the convergence of phones, laptops, and desktops was already starting to become apparent, although few predicted just how quickly it is happening. As processors get faster, we’re hitting a point where we no longer need more processing power in laptops to complete the tasks that most people use their computers for, so instead we’re seeing a focus on power efficiency and battery life. Read more: http://www.xda-developers.com/a-look-back-at-amds-history-and-future-in-the-mobile-market/
I wouldn't buy just yet. Not while it is downtrending. Let it play out. You might pay a few cents more buying it but letting the downtrend play out and getting a technical sign that the trend is reversing would be my suggestion
With 1.5 mil shares traded in pre market it is less bad and considering futures is taking another hit
Will Advanced Micro Devices (AMD) Stock Be Helped by Bullish Wells Fargo Note? NEW YORK (TheStreet) -- Shares of Advanced Micro Devices (AMD) were lower in mid-afternoon trade on Monday despite a bullish note at Wells Fargo saying that the semiconductor company could benefit from improving notebook computer sales, according to Barron's. The firm reiterated an "outperform" rating on shares of Sunnyvale, CA-based AMD, as well as fellow chipmakers Intel (INTC) and Micron (MU). Data from August sales in Taiwan reveal a "solid seasonal rise" in PC builds, Wells Fargo said. AMD is poised to benefit from the increase after it launched a new family of processors for desktops. "We think that a string of new processors and graphics products from Intel, AMD and Nvidia (NVDA) will likely help stimulate demand for PC and server systems over the next several months," the firm added in a note cited by Barron's. Read more: https://www.thestreet.com/story/137...-wells-fargo-note.html?puc=yahoo&cm_ven=YAHOO
NVIDIA, AMD Battle for a Spot in Samsung Galaxys Like other big hitters in the global smartphone market, South Korea-based Samsung (NASDAQOTH: SSNLF) is exploring ways to gain more control of the hardware used in its mobile line-up. The objective is to reduce Samsung's reliance on providers like Qualcomm (NASDAQ: QCOM) for its industry-leading Galaxy by upgrading the graphics power and combine the new technology on its smartphone SoC (System-on-a-Chip). The SoC move would not only give Samsung more control and improved graphics, it would improve overall performance. Word has it Samsung is talking with NVIDIA (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) to license a graphics processing unit (GPU) from one or the other, which -- in conjunction with its internal development efforts -- would allow it to squeeze Qualcomm out of the picture by 2017 at the earliest, but more likely in 2018. Unlike some rumors, there is something to be said for both NVIDIA and AMD stepping into the mix. NVIDIA's latest graphics unit, the top-of-line GeForce GTX 1080 with its 3D and high resolution graphics utilizing its new-ish Pascal architecture, has been met with rave reviews. AMD's Polaris architecture has also been well received, and a recently inked a deal will see it powering the new PS4 Pro gaming console. Needless to say, scoring a deal to power future generations of Galaxy smartphones would be a significant win for either graphics chip maker. While the slowing of the smartphone market is inevitable -- particularly for high-end units -- the Galaxy line-up includes devices across all price points. So it's conceivable that one of the GPU providers could find its way into millions of smartphones in a couple of years. Link: http://www.investopedia.com/stock-a...da-qcom-ssnlf.aspx?partner=YahooSA&yptr=yahoo
