AMD investors are picking up what the company is putting down.
Rosenblatt analyst Hans Mosemann published a note Wednesday saying that he was impressed by the chipmaker's presentation at the conference, much more so than the presentations of rivals Intel Corp. (INTC) - Get Report and holding Nvidia Corp. (NVDA) - Get Report , which Mosemann described as blander than AMD's.
Nvidia shares were down 0.9% while Intel shares were down 0.4%.
Specifically, Mosemann was impressed with the presentation's suggestion that AMD could have both architectural and process node advantages in 2019, a proposition that Mosemann said was "inconceivable" before Computex.
Mosemann is convinced that "AMD may be a more relevant player than the Street is willing to accept" based on its graphics processing unit and strategy to optimize CPU and GPU platform solutions.
Mosemann has a Wall Street-high $27 price target on AMD shares with a "buy" rating. The average price target for the company is $15, based on data from Bloomberg.