"HSBC downgraded AMD stock to Hold from Buy, citing valuation concerns after a significant run-up. The price target was nudged to $340, up from $335."
"AMD's stock has surged 72% over the past month and 68% year to date, with a one-year return of 273%. However, concerns about foundry capacity limit future growth."
"Intel's recent Q1 2026 revenue beat and guidance raise have set a higher expectation for AMD, which now faces challenges in delivering positive results without clear catalysts."
Advanced Micro Devices (AMD) shares dropped 6% to around $340 following a downgrade by HSBC from Buy to Hold. This decline contrasts with minor movements in peers Intel and NVIDIA. HSBC's downgrade was based on valuation concerns, noting AMD's significant stock increase of 72% over the past month. The analyst highlighted limitations in server growth due to foundry capacity constraints and a lack of catalysts for an upside surprise in the upcoming Q1 report, especially after Intel's recent positive performance.
Read at 24/7 Wall St.
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