14 AI News and Ratings Making Waves on Wall Street

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

Number of Hedge Fund Holders: 96

Advanced Micro Devices, Inc. (NASDAQ:AMD) develops and sells semiconductors, processors, and GPUs for data centers, gaming, AI, and embedded applications.

On March 27, Jefferies downgraded AMD from Buy to Hold and reduced its price target to $120 from $135. Analyst Blayne Curtis noted that while AMD has gained market share in PCs and servers, its AI growth remains weaker than expected, raising doubts about projected AI revenue for 2026-2027. He also views Intel’s improved management as a factor that could increase competition, especially in the Client PC market. Jefferies is taking a more cautious stance until there is more clarity on AMD’s AI progress and Intel’s recovery efforts.

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