Saying that AMD is going through some rough times at the moment is starting to feel a bit redundant. It wasn't long ago when it decided to offer senior notes to gather some more cash, but now that R600 is around the corner and Barcelona on the way things may turn around. During the last few days there has been more than plenty of commotion on the stock market as Fidelity Investments decided to increase its share in the chip giant to 13%. Fidelity was a large shareholder in ATI before the acquisition, which makes the investment a bit expected.
At the same time, NVIDIA has said that it expects a reclaim of market shares on the chipset market and that these shares would come from AMD. Supposedly, NVIDIA also said that investors are fleeing the AMD camp, which only made the stock rise even higher. All in all the stock went up with more than 8% in little more than a day, from $13.48 to $14.56.
AMD stock up by 8% after stock investment and FUD by NVIDIA
Noctua
