Reported about 10 hours ago
After Advanced Micro Devices (AMD) reported disappointing earnings, veteran analyst Stephen Guilfoyle announced plans to downgrade the stock to a 'sell' and exit his position. Despite AMD's efforts to gain share in the growing AI market, it fell short of investor expectations, particularly in data-center revenue. Analysts from Bank of America and Citi also reduced their price targets for AMD, reflecting concerns about its competitive position against Nvidia.
Source: YAHOO