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By Cher Price: Wednesday, 02 January 2008, 6:17 PM
AN ANALYST from the Banc of America (BOA) issued a sell rating on AMD causing its share price to fall by 45 cents on the NYSE today. AMD stands at $7.06 right now.
BOA also constricted Intel’s (INTC) rating from “buy” to “neutral”, and the chip giant lost $1.50 on the day’s trading thus far, currently standing at $25.15.
Nevertheless, the rumour mill is churning as 2008 starts – could Nvidia (NVDA) for example find the wherewithal to buy AMD? How many chips will Chartered make for AMD in 2008? And the like.
You’d think that maybe Nvidia buying AMD-ATI would cause the authorities to investigate a bit? Well, maybe not. Because Intel has made it plain it wants to get into graphics chips as well during the course of this year.
Nvidia buying AMD? Sheesh. In the fervid world of Wall Street, the more rumours the better because rumours make for fluctuations in share prices, don’t they? µ
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