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With AMD you have the clear competitors Intel and Nvidia with their respective market share, revenue and valuation. There was a real world reason for their low valuation (Bulldozer) and a real world reason for there stock to recover (Zen). Intel had been stagnant for years and their 10nm was obviously not working. With AMD's and Jim Keller's track record there was a reasonable case for them managing to catch up and their stock to rise accordingly. If those are meme arguments the whole market is a meme.



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