AMD Stock Slumps After Double Downgrade by HSBC on AI Revenue Concerns

By Yahoo! Finance   |   1 week ago
AMD Stock Slumps After Double Downgrade by HSBC on AI Revenue Concerns

AMD shares dropped significantly after HSBC analysts downgraded the stock due to concerns about the company's AI revenue. The analysts believe there is more potential downside, citing a less competitive AI chip roadmap and soft demand for its products.

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