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AMD Stock Plummets 4% Amid AI Chip Downgrade

3/27/2025

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Summary

Story summary

Jefferies has downgraded Advanced Micro Devices (AMD) to "hold," highlighting a growing divide in AI chip technology compared to Nvidia. This news sent AMD's stock tumbling nearly 4% to about $106, marking a staggering 40% drop over the past year. With rising competition from Nvidia and Intel, AMD faces a challenging road ahead in the semiconductor market.

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Story summary

Jefferies has downgraded Advanced Micro Devices (AMD) to "hold," highlighting a growing divide in AI chip technology compared to Nvidia. This news sent AMD's stock tumbling nearly 4% to about $106, marking a staggering 40% drop over the past year. With rising competition from Nvidia and Intel, AMD faces a challenging road ahead in the semiconductor market.