BUZZ-AMD falls after brokerage Mizuho cuts PT on AI chip supply concerns
Reuters2025-01-10
BUZZ-AMD falls after brokerage Mizuho cuts PT on AI chip supply concerns
** Chipmaker AMD's AMD.O shares fall 5.2% to $115.34
** Brokerage Mizuho cuts price target to $160 from $180
** Larger AI chip rival Nvidia's NVDA.O production ramp-up of its latest chips could limit AMD's ability to secure capacity for advanced packaging — a key bottleneck in AI chip supply chains, Mizuho says
** New PT represents a 31% upside to stock's last close
** Goldman Sachs downgrades AMD to "neutral" from "buy", according to TheFly.com
** 41 of 54 brokerages rate the stock "buy" or higher, 12 "hold" and 1 "sell"; median PT is $180 - data compiled by LSEG
** AMD fell ~18% in 2024, compared with NVDA's ~171% gain
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