Advanced Micro Devices Inc (AMD)

[HailMary]

Onward and upwards until Q2 earnings, mid-July. I'm expecting to see $22.00 before then. Put your chips down if you want to enjoy the ride!

Well I'll throw in my outlook.

I think it will be tough to crack $20 before Q2 earnings, but I do expect upper 20s/low 30s before the end of the year. The summer can be brutul to chip stocks. Q2 is not traditionally a good quarter. I expect AMD to outperform the industry due to gains in the server space. ASPs are rising fast for AMD. 100K additional Opterons at $500 profit is $50 million extra in operating profit, which is about $.12/share. I'm really feeling that Opteron is starting to take hold and making a name for itself. By the end of the year this momentum will be obvious. Q4 is going to be a blowout.