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.
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Can this rebound momentum be sustained?
What is your target price for AMD?
Will you buy the dip on AMD or NVIDIA?