AMD Downgraded--Wolfe Slashes AI GPU Forecast, but MI350 Accelerator Sparks Hope

By Yahoo! Finance   |   5 days ago
AMD Downgraded--Wolfe Slashes AI GPU Forecast, but MI350 Accelerator Sparks Hope

AMD receives a downgrade from Wolfe Research due to slower data center GPU revenue growth projections. Wolfe now predicts lower revenue figures for Q4 2024 and 2025, citing weak PC demand and gaming softness. However, they acknowledge AMD's upcoming MI350 AI accelerator as a potential catalyst.

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