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China Us Trade Tensions

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business1 year ago

AMD Faces Downgrades and Market Concerns Despite Investor Optimism

AMD's stock has been downgraded by Bank of America analyst Vivek Arya, who cited increased competitive risks from Nvidia and other chipmakers, as well as potential sales declines in China due to trade tensions. Despite AMD's strong AI market presence, its recent earnings report and revenue forecasts fell short of expectations, leading to a significant drop in market value. Arya lowered AMD's rating to neutral and cut the price target to $155 per share, reflecting concerns over supply chain issues and competition.