AMD stock slips after BofA downgrade to Neutral. Here’s why.
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 Nvidia (NVDA).
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This post was written by Luke Carberry Mogan.
