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AMD shares went down 5% on analysts’ lower ratings

Author: Content Editor
Advanced Micro Devices (AMD) has been downgraded from "Buy" to "Reduce" by HSBC analysts, who also cut its price target from $200 to $110. The downgrade was driven by concerns over AMD's ability to compete with Nvidia in the AI GPU market, as well as weak demand for its MI325 GPU and potential delays in launching a competitive solution. HSBC also slashed AMD's revenue expectations for AI GPU, citing worries about slowed non-AI data center revenue growth and doubts about AMD's AI offerings. The stock saw significant sell-offs in December and began the year almost flat. However, some analysts believe recent pressures may set the stage for a comeback rally.

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