Advanced Micro Devices Inc (AMD)

[HailMary]

Where can AMD go if even its forward-looking P/E is 33?

You should note the 2006 estimates have been steadily climbing over the past 6 months. I expect they will continue to be revised upwards, especially after the Q4 report. AMD might be able to make $1.50/share or more next year, so there is plenty of upside left in the stock.