AMD's stock surge in past year leads analyst to a 'heck if we know' rating
Publishing timestamp: 2024-01-22 14:33:57
Summary
An analyst downgrades AMD's valuation due to uncertainty about the company's future amidst elevated expectations for AI chip growth. The analyst believes that investor expectations may be too high and that the market leader, Nvidia, has been facing supply constraints. The article highlights the potential for AMD's AI-oriented GPUs to take market share from Nvidia, but the analyst remains cautious about the company's future performance.
Sentiment: MIXED
Keywords: business news, advanced micro devices inc, nvidia corp, business, mobile, technology, apple inc, breaking news: technology,
Source: https://www.cnbc.com/2024/01/22/amds-stock-surge-leads-analyst-to-a-heck-if-we-know-rating.html