1. Home
  2. Downgrades
  3. Why Is AMD Stock Trading Lower On Monday?

Why Is AMD Stock Trading Lower On Monday?

2
0

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 …

Full story available on Benzinga.com

Visited 2 times, 1 visit(s) today