Last week, HSBC analyst downgraded AMD from a "Buy" rating to a "Sell," significantly reducing the stock's price target from $200 to a Street-low of $110. This downgrade represents a stark shift in sentiment for Advanced Micro Devices (AMD), which has been a popular stock among tech investors. AMD's stock price closed at $118.44 yesterday, down 1.27% from the previous trading session. Given that AMD's 52-week range is $114.41 to $227.30, the current price is much closer to its 52-week low, raising concerns about the stock's ability to rebound in the short term. Advanced Micro Devices (AMD) Valuation Concerns Despite its relatively strong financial performance in the past, AMD's valuation raises red flags. The company's price-to-earnings (P/E) ratio suggests the stock might be overvalued co
After AMD's New Low: Will the Rebound Continue?
Last week, HSBC analyst downgraded AMD from a “Buy” to a “Sell” rating while slashing his price target on shares from $200 to a Street-low of $110. AMD hit a new low of $114.41 yesterday, with its stock price returning to levels seen two years ago, but it closed up 1% afterward. Despite yesterday's chip ban, AMD rose against the trend. ----------------- Can this rebound momentum be sustained? What is your target price for AMD? Will you buy the dip on AMD or NVIDIA?
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