Reported about 20 hours ago
A leading Wall Street analyst has lowered AMD's stock price target to $110, citing ongoing challenges and performance lag compared to competitors like Nvidia. AMD's shares have dropped over 28% in the past six months, while Nvidia's has surged by 168%. The analyst warns that AMD's reliance on Samsung for high-end memory chips and its less competitive AI GPU roadmap may hinder its market penetration. As AMD prepares to report its Q4 earnings on January 28, the company faces potential revenue impacts from trade restrictions with China.
Source: YAHOO