Advanced Micro Devices Inc (AMD)

[bobs10]

Yah, that's about what I think. Shouldn't be much resistance up to the mid $16 range since we've been through that territory so many times, but after that things will probably slow with another run at $17.50 as we approach earnings. SOXX is doing nicely so it's hard to say what the driver is in this, but INTC is lagging in the normal 2 to 1 ratio to AMD so AMD relative strength seems to be continuing.

Everything I've been seeing seems to indicate that the demand problems the A64's were having has been reversed. In fact demand seems so strong across all processor products that AMD may need 90nm just to keep up with demand by q3? On the server front, this quarter should be a pretty good litmus test of demand as a lot of things will have fallen into place that were not there in q1. 45k to 50k systems, according to Gartner's way of calculating, would be a strong showing for q2. If flash does as well as I expect q2, AMD could surprise a lot more people than just the analysts.