Why Is AMD Stock Trading Lower On Monday?
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Advanced Micro Devices Inc (NASDAQ:AMD) shares are trading lower after Morgan Stanley analyst Joseph Moore downgraded the stock from Overweight to Equal-Weight.
The analyst noted AMD’s high valuations, highlighting the impact of Blackwell’s launch on Nvidia Corp’s (NASDAQ:NVDA) competitors. AMD appears costly compared to other large-cap AI companies like Nvidia and Broadcom Inc (NASDAQ:AVGO).
Despite this, the analyst believes AMD’s product lineup will continue to gain market share in the client and server CPU markets.
Last week, TF International …
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