The semiconductor maker has underperformed peers amid a contrast between the haves and the have-nots in the chip sector, the bank says.
Goldman Sachs analyst Toshiya Hari has revised his stance on Advanced Micro Devices (NASDAQ: AMD), downgrading the stock from Buy to Neutral and slashing the price target from $175 to $129.
The past three years have been forgettable for Advanced Micro Devices (AMD -4.31%) investors. Shares of the chipmaker have declined 5% during this period, while the PHLX Semiconductor Sector index has recorded impressive gains of 36%.
The Magnificent Seven group is a tough league to break into. Just when you think the group is about to slow down and give up ground to the rest of the S&P 500, the cohort finds a new way (and a new leadership group within the cohort) to lead it higher.
As we head into the first couple of weeks of the year, Advanced Micro Devices Inc NASDAQ: AMD shares are looking like one of the more intriguing opportunities in the semiconductor space. From their all-time high in March of 2024, the tech giant's stock has retreated a staggering 50%, including a 30% drop in the final quarter of last year alone.
Artificial intelligence (AI) is being touted as a technology that could bring significant increases in productivity and exponentially grow the global economy. The latest developments in AI are still in the early stages, making this a once-in-a-generation opportunity.
Artificial intelligence (AI) stocks have soared over the last couple of years as optimism about the technology and its capabilities continues to grow. As most investors know, one of the more notable success stories is Nvidia, which is up more than 11-fold from its bear market lows in late 2022.
The Biden administration reportedly will impose even-tighter curbs on Nvidia and AMD AI chip exports. Nvidia stock fell slightly.
Advanced Micro Devices (AMD) shares tumbled Wednesday after HSBC analysts gave the stock a double downgrade, citing concerns about the chipmaker's artificial intelligence (AI) revenue.
AMD Inc. (AMD) received a double downgrade from HSBC, but that didn't stop Tom White from finding an unusual bullish options trade for the stock. He breaks down the activity in AMD and analyzes other bullish trades in eBay Inc. (EBAY) and Snap Inc. (SNAP).
AMD (AMD -4.59%) stock is losing ground in Wednesday's trading. The semiconductor company's share price was down 3.6% as of 11:45 a.m.
AMD's stock just got downgraded, with HSBC warning that the company's “AI GPU roadmap is less competitive than we previously thought.”