Why AMD Stock Was Sliding Today
Shares of Advanced Micro Devices (NASDAQ: AMD) were taking a dive today in response to an analyst downgrade, calling out weakness in its artificial intelligence (AI) division.
In addition, the stock may have reacted negatively to a downbeat employment report, as well as a new threat about tariffs on semiconductors. Finally, reports came out showing that OpenAI was planning to make its own AI chips for the first time, which could threaten suppliers like AMD and Nvidia.
As a result, the stock was down 6.3% as of 11:28 a.m. ET.
Source Fool.com
Advanced Micro Devices Inc. Stock
€169.84
-0.340%
With 106 Buy predictions and 2 Sell predictions Advanced Micro Devices Inc. is one of the favorites of our community.
As a result the target price of 230 € shows a positive potential of 35.42% compared to the current price of 169.84 € for Advanced Micro Devices Inc..
