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HEXUS.sharewatch: AMD shares jump 26% to highest level for 4 months

by Scott Bicheno on 30 March 2009, 09:59

Tags: AMD (NYSE:AMD), NVIDIA (NASDAQ:NVDA), Ingram Micro (NYSE:IM)

Quick Link: HEXUS.net/qarmz

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Another good week for US stocks resulted in big gains for a number of technology companies, but the clear winner was AMD, which saw its shares jump 26.2 percent last week to their highest level since early November 2008.

Most intense trading of AMD shares occurred last Wednesday, around the time AMD was trying to generate more buzz around the strength of its Opteron server processors in a virtualisation environment.

The optimism shown by investors in AMD is especially impressive given the impending launch of next generation server processors by its much larger rival Intel. At the launch of a generation of Dell enterprise products based around these Intel processors last week, HEXUS.channel got the impression a lot was expected from the Xeon 5500 family of CPUs.

Elsewhere, NVIDIA's escalation of its legal dispute with Intel doesn't seem to have done its stock any harm, while HP seems to have arrested a protracted decline in its share price.

The other notable gainers of the week were the distributors, with Ingram Micro gaining the most, possibly as a result of its new distribution deal with Dell.

 

Company Listing Share price 9/3/09 Share price 16/3/09 Share price 23/3/09 Share price 30/3/09 7-day change Market cap (bn)
AMD AMD 2.14 2.52 2.67 3.37 26.2% 2.25
Apple AAPL 85.30 95.93 101.59 106.85 5.2% 95.16
Avnet AVT 16.12 16.85 17.03 18.34 7.7% 2.77
Dell DELL 8.37 9.37 9.88 9.95 0.7% 19.41
Google GOOG 308.57 324.42 330.16 347.70 5.3% 109.77
HP HPQ 26.98 29.45 28.85 33.33 15.5% 79.88
IBM IBM 85.81 90.36 92.51 94.15 1.8% 126.32
Ingram Micro IM 9.95 11.28 11.57 13.19 14.0% 2.13
Intel INTC 12.41 14.70 14.65 15.42 5.3% 85.77
Microsoft MSFT 15.28 16.65 17.06 18.13 6.3% 161.19
Nvidia NVDA 8.39 9.80 9.53 10.46 9.8% 5.67
Tech Data TECD 16.60 19.76 20.14 22.11 9.8% 1.11
Yahoo YHOO 13.05 13.51 13.60 13.18 -3.1% 18.38
Dow .DJI 6626.94 7223.98 7278.38 7776.18 6.8% N/A
FTSE 100 .FTSE 3530.73 3753.68 3842.85 3898.85 1.5% N/A
NASDAQ .IXIC 1293.85 1431.50 1457.27 1545.20 6.0% N/A


HEXUS Forums :: 1 Comment

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i dnt usually care much about stocks but 26% is just crazy talk!