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

October 28, 2016 1:06 PM EDT

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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.



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