Reported 1 day ago
Goldman Sachs analyst Toshiya Hari has downgraded Advanced Micro Devices (AMD) stock to 'neutral' and reduced the price target to $129, as the company faces increasing competition from Arm Holdings and struggles in the personal computer market. AMD shares have lost significant value recently, with a reported 33% decline over six months, amidst concerns about its growth prospects in both the PC and data center segments. The company is set to report its fourth-quarter earnings on January 28.
Source: YAHOO