"Over the past month, AMD shares have faced significant losses, down -16.34%, compounding year-to-date losses to -27.47% and a staggering -43.20% over one year."
"UBS and Wells Fargo have lowered their price targets for AMD, with UBS adjusting to $155 from $175 while maintaining a 'Buy' rating."
"Positive sentiments are rising around AMD's gaming chips in Japan, boasting a 45% market share, with ambitions of achieving a 70% share soon."
"CEO Dr. Linda Su's leadership has revolutionized AMD's position in the market, with the Ryzen CPU line being a major success that turned the company's fortunes around."
Advanced Micro Devices (AMD) has recently seen its stock decline significantly, down 16.34% in the past month, contributing to year-to-date losses of 27.47% and a staggering 43.20% decline over the past year. Price targets have been lowered by UBS to $155 and Wells Fargo to $120, both while maintaining positive ratings. Despite these setbacks, AMD reported strong sales of its gaming chips in Japan, aiming for a 70% market share. Under CEO Dr. Linda Su, AMD's Ryzen CPUs have transformed the companyâs standing against Intel, previously dominating the sector.
Read at 24/7 Wall St.
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