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AMD Stock Plummets as HSBC Cuts Rating, AI Woes Loom

1/9/2025

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Summary

Story summary

AMD's stock took a nosedive after HSBC slashed its rating from "buy" to "reduce," dropping the price target from $200 to $110. Analysts expressed worries about AMD's ability to compete in the booming AI market, especially against Nvidia. The company's anticipated AI GPU revenue for 2025 was revised down from $12.3 billion to $8.1 billion, signaling troubling times ahead.

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Story summary

AMD's stock took a nosedive after HSBC slashed its rating from "buy" to "reduce," dropping the price target from $200 to $110. Analysts expressed worries about AMD's ability to compete in the booming AI market, especially against Nvidia. The company's anticipated AI GPU revenue for 2025 was revised down from $12.3 billion to $8.1 billion, signaling troubling times ahead.