Today the AMD stock closed suddenly high at closing. This is fact. Why is the rumor. It is unlikely the sudden climb is just a glitch. Somebody knows something.
Calls in to sell-side folks have at this point turned up a couple of rumors. One is a persistent rumor that Intel (INTC) will buy AMD, which, according to one source who could not be quoted by name, might suddenly be possible because the field of computing is now being defined more broadly than just the PC, which means “there aren’t as many anti-trust isues,” perhaps.
Frankly, I don't believe that. But others do. So what I think don't matter.
Intel Could Buy AMD as x86 Microprocessors Lose Share to ARM – Analysts.
AMD’s Shares Are Up on Intel Buyout Rumour
[05/01/2013 10:39 PM]
by Anton Shilov
As media tablets and smartphones are on-track to outsell personal computers in the coming years, the significance of x86 processors, exclusively designed and made by Advanced Micro Devices and Intel Corp., is getting lower. As a result, long-rumoured Intel’s wish to buyout its only rival is getting more realistic, according to a source in the financial community. Due to the renewed acquisition rumour and AMD’s gains in consoles and low-power computers, stock of the company is growing.
http://www.xbitlabs.com/news/cpu/display/20130501223936_Intel_Could_Buy_AMD_as_x86_Microprocessors_Lose_Share_to_ARM_Analysts.htmlYes, that is rumor.
But the jump in AMD stock is very real. Go figure.
