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 company’s standing against Intel, previously dominating the sector.
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.
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