AMD investors are picking up what the company is putting down.

Shares of Advanced Micro Devices Inc. (AMD) - Get Report were up 5% Wednesday, June 6, following the company's presentation at the Computex conference in Taiwan on Tuesday night.

Rosenblatt analyst Hans Mosemann published a note Wednesday saying that he was impressed by the chipmaker's presentation at the conference, much more so than the presentations of rivals Intel Corp. (INTC) - Get Report and holding Nvidia Corp. (NVDA) - Get Report , which Mosemann described as blander than AMD's.

Nvidia shares were down 0.9% while Intel shares were down 0.4%.

Specifically, Mosemann was impressed with the presentation's suggestion that AMD could have both architectural and process node advantages in 2019, a proposition that Mosemann said was "inconceivable" before Computex.

Mosemann is convinced that "AMD may be a more relevant player than the Street is willing to accept" based on its graphics processing unit and strategy to optimize CPU and GPU platform solutions.

Mosemann has a Wall Street-high $27 price target on AMD shares with a "buy" rating. The average price target for the company is $15, based on data from Bloomberg.

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