Advanced Micro Devices (AMD) Hit by AI Chip Competition, BofA Downgrades Stock
We recently compiled a list of the 10 AI News Investors Probably Missed. In this article, we are going to take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stands against the other AI stocks.
AMD Stock Falls After Downgrade From BofA, Citing Risks From Competition
Advanced Micro Devices shares lost ground Monday after Bank of America downgraded the stock and lowered its price target, citing downside risks from higher competition.
AMD’s stock has had a weak year. Why BofA sees fresh caution for 2025 as well.
A BofA analyst downgraded AMD’s stock, warning of limitations on the company’s ability to pick up share in an AI market dominated by Nvidia.
AMD downgraded to Neutral from Buy at BofA
BofA downgraded AMD (AMD) to Neutral from Buy with a price target of $155, down from $180. The firm sees higher competitive risks for AMD in
AMD Stock Falls. Competition From Nvidia Is Just 1 Risk, Analyst Says.
Advanced Micro Devices stock was dropping Monday after BofA Securities downgraded shares of the chip maker, citing concerns over competition and the personal computer market. Vivek Arya downgraded shares of AMD to Neutral from Buy and cut his price target to $155 from $180.
AMD Stock Drops Pre-Market On BofA Downgrade Amid Nvidia, Marvell Competition: Retail Sees Opportunity
Shares of Advanced Micro Devices Inc. (AMD) were down as much as 2% in pre-market trading on Monday after Bank of America (BofA) downgraded the stock, citing increased competition and limited market share potential in the artificial intelligence (AI) sector.
AMD falls as BofA downgrades amid AI, PC concerns
AMD (NASDAQ:AMD) was in focus on Monday as Bank of America downgraded the semiconductor company, citing lower estimates for artificial intelligence and PC-related revenue in 2025. Shares fell 1.5% in premarket trading.
AMD, Broadcom, Marvell Are Trailing Nvidia. This AI Chip Stock Can Take Second Spot.
There’s no question which company rules the semiconductor space—but a fight is ramping up over who comes next.
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Why Advanced Micro Devices Plunged Today
Apparently, BofA sees the rise of cheaper internally made chips from all cloud providers, as well as Nvidia's upcoming Blackwell chip, as crowding out the opportunity for AMD in AI. Additionally, Arya ...
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On December 9, a Bank of America analyst revised his AMD stock price target downward — and downgraded the stock’s rating.
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