AMD (AMD) Shares on Watch as M&A Rumor Source Questioned (ORCL)

October 28, 2016 1:06 PM EDT

Get daily under-the-radar research with's Stealth Growth Insider Get your 2-Wk Free Trial here.

The Financial Times is questioning today's M&A speculation on Advanced Micro Devices (Nasdaq: AMD).

Earlier, Zero Hedge said that Oracle (NYSE: ORCL) might make a move to acquire AMD, citing Oracle's desire to gain a hardware presence in virtual/augmented reality. Cincarious Research was cited as the source.

The FT notes several other articles, notably that H&R Block is putting itself up for sale.

FT also pointed out that Cincarious Research doesn't really have a profile online save for articles written for Zero Hedge.

Also, while AMD does have chips dedicated to VR/AR, one might question what Oracle would want to do with the technology. Oracle is now more focused on cloud-based devices than anything else, and adding hardware into the mix could be a puzzling decision for the business software giant.

Shares of AMD are still up around 3.5 percent.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Rumors, Trader Talk

Related Entities

Definitive Agreement

Add Your Comment