If Goldman is setting up for a dump of AMD shares it's because they see weakness in the larger tech economy and are going to start dumping out of a lot of tech stocks simultaneously. It's their MO. and yes, they had Hari out there beating down AMD while they bought shares with the express intention of lowering the share price so they could accumulate. I do business with Goldman (unfortunately) and I know that they have no ethical base to speak of. if slavery was still legal here they'd be in all the way.
That being said, this is intriguing. It's going to be interesting to see if they actually dump AMD shares or not.
Can you believe such a-holes!
Having the nerve to say to short it, buy the stock themself and than come out with this.
Even now they are foolish, 5% server market share in 2019.... wake up AMD is at 5% end of THIS year.
I will say, prior to the smashing success of ryzen it was super fair to think of the stock as a bad buy.
Based off nothing but rumors the stock had gone up in price a good 600%. They had nothing concrete to show for it, just hopes and dreams. It wasn't even that long ago that AMD as a company was practically circling the drain.
Since ryzen though and showing continual growth in every major CPU sector? Yeah it was silly to think it was junk. The weakness of the GPU division wasnt enough to be so down on the stock like most investor companies were.
It's Goldman. The company that was so smart, they created the market for mortgage CDS's that ultimately destroyed the financial system . They only survived the financial crisis by having an ex-CEO as Secretary of the Treasury.
They're the Wall Street equivalent of the rich kid who eats paste in eighth grade but then runs for US Senate as a Republican when they grow up.
Well, Captain Fucking Obvious there. It takes a pretty much surefire slam dunk for them to capitulate and finally say "well, it's performing adequately I suppose". In a couple years when we have datacenters running on AMD servers they'll say "buy" when the time to buy was 3 years prior.
I suppose that's better than speculative investing. Still though, the signs right now are pretty damn obvious, and Intel is freaking out about it.