Despite supplying some of the world's most sought-after chips, Advanced Micro Devices (NASDAQ: AMD) has declined 49% since it peaked in March 2024. Over the same period, Nvidia stock has increased about 40%.

Citigroup cut shares of Advanced Micro Devices (NASDAQ:AMD – Free Report) from a strong-buy rating to a hold rating in a research note published on Wednesday,Zacks.com reports. Several other equities analysts have also recently issued reports on AMD.

Corporate America just kicked off a new quarterly earnings season. The company has become a worthy competitor to Nvidia in the market for data center graphics processors (GPUs), which are critical for AI development,

Advanced Micro Devices (AMD) has been in the spotlight lately due to significant stock price volatility. AMD stock has dropped around 11%,

Advanced Micro Devices (NASDAQ:AMD – Free Report) had its price target trimmed by Benchmark from $200.00 to $170.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the semiconductor manufacturer’s stock.

Detailed price information for Adv Micro Devices (AMD-Q) from The Globe and Mail including charting and trades.

The 12-month price targets, analyzed by analysts, offer insights with an average target of $159.2, a high estimate of $250.00, and a low estimate of $110.00. Observing a downward trend, the current average is 15.96% lower than the prior average price target of $189.43.