Reported 3 months ago
AMD shares saw an uptick in early trading as an analyst downgraded the company's stock price target prior to its Q2 earnings report, amidst ongoing struggles to compete with Nvidia in the AI chip market. While AMD's recent sales in the data center segment surged, overall market performance has been mixed, prompting varying opinions from analysts. Some believe the stock may have overcorrected, while others remain optimistic about growth potential with new chip sales.
Source: YAHOO