Pure manipulation....2 weeks back after posting strong results he downgraded the stock from 130 to 98 and now reversed the course..Nothing changed in 2 weeks....they might have acquired huge position by downgrading and now want to book profit with an upgrade. Need to be very careful with these sell side analysts.
This should bode well for AMD. Data center business where major margins lie is being captured by AMD and Intel don't want to admit it. As the quarters pass by, it will become very certain and they can't avoid talking about competition anymore.
This is great buying opportunity for long term patient investors. Just keep buying very month with small amounts to capture all these swings. In the long run it will pay good returns. We should not time this kind of uncertain market conditions. Go long AMD [Miser]