Advanced Micro Devices may be losing its competitive edge, Wolfe Research analyst Chris Caso argued as he downgraded shares of the chip maker from Buy to Peer Perform.Shares of Lam Research, KLA Corporation,

Advanced Micro Devices Inc. closed $111.21 below its 52-week high ($227.30), which the company achieved on March 8th.

For long-term value investors, the recent pullback in AMD's share price on the back of HSBC's downgrade offers a golden opportunity to buy the stock. Read more here.

In the assessment of 12-month price targets, analysts unveil insights for Advanced Micro Devices, presenting an average target of $176.61, a high estimate of $250.00, and a low estimate of $110.00. Experiencing a 9.17% decline, the current average is now lower than the previous average price target of $194.44.

Advanced Micro Devices (NASDAQ:AMD) bears have been feasting over the past year with the stock shown to be a big laggard. In 2024, AMD declined by

Advanced Micro Devices (AMD) received another downgrade on Thursday, days after Goldman Sachs and HSBC downgraded the stock. Wolfe Research analyst Chris Caso downgraded AMD from Buy to Peer Perform on Thursday.

AMD (NASDAQ:AMD) was in focus on Thursday as investment firm Wolfe Research downgraded the semiconductor company, citing slower data GPU revenue growth than previously expected. Shares rose fractionally in premarket trading.