Advanced Micro Devices Inc (AMD)

[kpf]

DARBES

it will some day be viewed as one of the classic market inefficiencies of all time

Lol, no. It is not even a market inefficiency at all, using the term in its economical definition.

Assuming your assumptions about the prospects of AMD are not far off (I actually do indeed), institutional inertia would be appropriate to characterize the pattern we are looking at.

Using your picture, look at the herd walking on the trails where it found green grass for ages - only couple of black sheep are heading for some sweet and juicy flowers off the trail for now.
As far as history tells that can go very long and very far - but it never went on forever. Most likely the herd will change direction as soon as the grass on the trail is turning brown. Capital is extremely mobile, stampede is always possible for no obvious reason.

K.