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Advanced Micro Devices shares fell Wednesday after HSBC analysts gave the stock a double downgrade, citing concerns about its artificial intelligence revenue.
AMD stock is falling today on the heels of bearish coverage from HSBC. The firm issued a rare double downgrade for its rating on the stock and slashed its one-year price target.
Advanced Micro Devices Inc.'s attempts to gain meaningful inroads into the artificial-intelligence chip market dominated by Nvidia Corp. could hit more snags this year, according to a newly cautious ...