AMD (NYSE: AMD) is trading off today and is not much above its 52-week low. The reason may be a note out of JP Morgan picked up at Barron’s. The analysis sees AMD missing its guidance and revises down the bank’s estimates for EPS.
No one should be surprised. The company has not been talking up its quarter. AMD still issues fairly worthless press releases almost every day, but CEO Hector de J. Ruiz has not been very visible.
If AMD misses the first quarter and guidance is poor, the stock could slide to under $4. At that point, the company might even get itself sold to Nvidia (NASDAQ: NVDA) or another company that would like a toe-hold in the x86 market.
Douglas A. McIntyre
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