Reported 2 days ago
Advanced Micro Devices (AMD) shares continued to decline, following a downgrade from Bank of America analyst Vivek Arya, who lowered the rating from buy to neutral and cut the price target to $155 per share. The downgrade comes after AMD's subdued revenue forecast and concerns about competitive pressures from Nvidia and custom chip makers. Amid ongoing U.S.-China trade tensions and a potential correction in the client segment, investors are worried about delays in AMD's flagship AI product, the MI300, affecting future growth despite positive long-term market trends.
Source: YAHOO