2024-12-11
Bank of America downgrades AMD due to potential market share losses
Increasing competitive pressures will begin weighing down shares of Advanced Micro Devices , according to Bank of America. Analyst Vivek Arya downgraded the semiconductor stock to neutral from buy and cut his price target to $155 from $180. The new forecast is still 11% above where shares closed on Friday. AMD YTD mountain AMD YTD chart Arya pointed to…
