Advanced Micro Devices (AMD) slips by nearly 6% on Monday after Bank of America analysts downgraded their rating on the stock from Buy to Neutral, also cutting the price target to $155 per share. Market Domination’s Julie Hyman and Josh Lipton check out the analyst commentary on the chipmaker as it faces stiffer competition from…
There’s no doubt that the major US indexes remain in a strong uptrend, with stocks putting together a remarkable 2024 as this latest bull market enters its third year. Technology stocks have mainly led the way higher, but we are beginning to see other pockets of the market return to the forefront. Better-than-expected corporate earnings,…
Shares of Advanced Micro Devices (AMD, Financial) dipped 4% on Monday after Bank of America downgraded Advanced Micro Devices from Buy to Neutral, citing headwinds in the PC sector into 2025 and challenges in the AI accelerator market. In addition, AMD’s price target was cut to $155 from $180, and the firm’s 2025 and 2026…
Advanced Micro Devices (NASDAQ:AMD) just got a reality check from Bank of America. The firm downgraded the chipmaker from Buy to Neutral, slashed the price target from $180 to $155, and trimmed its 2025 earnings forecast by up to 8%. Why? Two words: fierce competition. NVIDIA (NASDAQ:NVDA) dominates the AI accelerator market with an 80%+…
We recently compiled a list of the 15 AI News That You Should Not Miss. In this article, we are going to take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stands against the other AI stocks. US-China chip wars have been dominating headlines in the AI universe for the past few weeks. After the…
Amazon.com Inc. founder Jeff Bezos joined Samsung in a $700 million bet on Tenstorrent, valuing the AI chip startup with ambitions of taking on Nvidia Corp. at about $2.6 billion. Tenstorrent, which hopes to create a chip to try and break Nvidia’s stranglehold on the AI business, raised capital in a funding round led by…
https://www.tipranks.com/news/the-fly/biden-admin-debates-on-additional-china-chip-curbs-bloomberg-says The Biden administration is debating on additional curbs on the sales of semiconductor equipment and AI memory chips to China that would escalate the U.S. crackdown on Beijing’s technology ambitions but would stop short on some of the stricter measures previously considered, Mackenzie Hawkins of Bloomberg reports, citing people familiar with the matter. The…
AI is booming, providing an important pillar of support for the stock market’s substantial year-to-date gains. Put into numerical terms, the tech-heavy NASDAQ composite index, which features many of the AI sector’s major names, has added nearly 30% for this year to date – on top of the 43% gains it registered last year. The…
China has created a new specialist committee on artificial intelligence (AI), as part of the country’s vision for the development and governance of the technology, amid simmering tensions between Beijing and Washington. The AI Experts Committee will help spearhead efforts to promote the country’s perspective on how the fast-growing technology should be governed, according to…
A look at the day ahead in U.S. and global markets from Mike Dolan There’s not too much to worry about at the world’s most valuable company – or the artificial intelligence theme – but just conceding that triple-digit growth can’t last forever has been enough to stall Nvidia’s share price and dampen global tech…