12 AI News and Ratings Investors Are Watching Right Now

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5. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Number of Hedge Fund Holders: 107

Advanced Micro Devices, Inc. (NASDAQ:AMD) specializes in semiconductor solutions, offering processors and GPUs for data centers, gaming, and embedded systems. The company focuses on providing high-performance computing products for AI-driven applications.

On December 20, Morgan Stanley reduced its price target for AMD from $169 to $158, maintaining an Equal Weight rating on the stock. The firm remains positive on the semiconductors industry, highlighting the AI market’s growth, but notes that a “U-shaped bottom” is expected for other areas. Priorly, Truist had also reduced its price target for AMD from $156 to $145 with a Hold rating on the stock. The firm expressed caution about the semiconductor and AI sectors.

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