Advanced Micro Devices (NASDAQ:AMD) shares came under renewed pressure as Wall Street analysts reduced expectations over the company’s position in the artificial intelligence space.
The latest hit came from two analyst downgrades. Jefferies shifted its AMD rating from buy to hold and cut its price target from $135 to $120. Goldman Sachs followed, keeping a neutral stance while lowering its target from $125 to $120. Both moves signaled market doubts about AMD’s ability to compete with…
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https://finance.yahoo.com/news/amd-downgraded-ai-chip-struggles-174312077.html
