MarketWatch First Take: AMD jumps again, stock may now getting into frothy territory

Shares of chip maker Advanced Micro Devices Inc. have been on a tear since the company reported better-than-expected earnings last week, in a report that was drowned out by earnings from tech behemoth Apple Inc.

In the past five days, its shares are up nearly 28%. On Monday alone, AMD’s AMD, +11.36% stock soared 11.36%. A positive story in Barron’s, with the headline “AMD’s Revival is for Real,” and comments by CNBC’s Jim Cramer provided the most fodder for traders, but there was also an unconfirmed report that it will license its graphics chip designs to partner/frenemy Intel Corp.

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