The Dutch government said it is holding talks with Nvidia Corp and Advanced Micro Devices Inc. regarding support for the construction of an artificial intelligence facility in the Netherlands.
AMD’s stock just got downgraded, with HSBC warning that the company’s “AI GPU roadmap is less competitive than we previously thought.”
AMD, HSBC
· 21h · on MSN
Why Advanced Micro Devices Stock Was Double-Downgraded
AMD Stock Slumps After Double Downgrade by HSBC on AI Revenue Concerns
Advanced Micro Devices shares fell Wednesday after HSBC analysts gave the stock a double downgrade, citing concerns about its artificial intelligence revenue.
HSBC says AMD can’t compete with Nvidia in 2025, double downgrades shares
HSBC downgraded AMD (AMD) to Reduce from Buy with a price target of $110, down from $200. AMD shares price have corrected by 24% in the past
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Advanced Micro Devices lags Nvidia in AI design wins, prompting a downgrade to sell. See why AMD stock faces little room to compete meaningfully with NVDA.
Chip maker AMD is investing $20 million in AI drug startup Absci, which will use AMD chips and software for drug development.
Good morning. Joe Biden takes one final stand to limit AI chip exports. Apple loses its latest plea to keep iPhones in Indonesia. And a late football manager’s cozy lakeside mansion is up for sale. Listen to the day’s top stories.
The Biden Administration plans to install another layer of export restrictions in an effort to prevent China and Russia access to AI chips. Read more here.
Advanced Micro Devices (NASDAQ: AMD) stock saw significant sell-offs in December's trading. The semiconductor company's share price closed out the month down 11.9%, according to data from S&P Global Market Intelligence.
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On the other hand, Wall Street has seemingly left Advanced Micro Devices (NASDAQ: AMD) in the dust. While Nvidia has soared an impressive 170% over the past 12 months, AMD has declined nearly 20%.
HSBC analyst Frank Lee sees that trend continuing, and lowered his price target on AMD shares by $90, to $110 per share, and clipped his rating on the stock to 'reduce' from 'buy' in a note published Wednesday.
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