Wells Fargo: AMD appoints new CEO is a positive factor

Sina Science and technology news Beijing time of August 26, the Securities Research Department of Wells Fargo issued a research report on AMD's appointment of a new CEO. The following is the full text of the study: AMD announces the appointment of Rori Ride (Rory Read) as President and CEO of the company. Reed, formerly president and COO of Lenovo Group, had previously worked in IBM.　　We see this as a positive move because we have been concerned that the absence of a permanent CEO could undermine AMD's ability to set long-term strategic goals. In July, we raised the AMD stock rating from weaker than the market to the same as the market, part of the reason is that we think that many of AMD's business risks have been reflected in the share price, and that the company has successfully lowered some of the risk factors, including the fact that the company's product planning risks have been reduced significantly after the Llano processor family has been introduced. Leisurely)