[vegabook]

What you have to keep in mind, is that AMD is valued at a quarter of Nvidia, and at 1/25th of Intel. Therefore the market has a huge scepticism discount built in. AMD doesn't have to hit the ball out of the park with Zen. It just needs to get to 85% area of Intel at same tdp, and the market will call it a winner. If it does 95%, call AMD stock 50% undervalued, minimum.

Obliquely, also remember that while Nvidia is winning on the "pure" GPU front with the awesome 1080 etc, the major problem for Nvidia is that its tech needs a host processor, and its ARM attempts are going nowhere (Nintendo NX notwithstanding). AMD does not face this problem. It's becoming clearer that pure-parallel is not always optimal. Hybrid GPU/CPU architectures have a lot of upside as we are seeing with the Xeon Phi use cases, which smackdown on Nvidia bigtime as soon as you mix even the slightest bit of dependency in your algorithms.

I am very bullish on AMD. I believe its stock has double potential, because the price is so catastrophically pessimistic already. And without even talking market valuations, I think we have had enough of monopoly-style price gouging on Xeon and Tesla.