Top 10 AI News Updates to Catch Up on This Weekend

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

Number of Hedge Fund Holders: 107

Advanced Micro Devices, Inc. (NASDAQ:AMD) develops semiconductors, providing processors and graphics technologies for gaming, data centers, and AI-driven high-performance computing. On March 14, Mizuho Securities revised its price target for the stock, reducing it from $140.00 to $120.00, and reaffirmed its “Outperform” rating. The price target revision is to account for lower artificial intelligence peer group multiples. The firm anticipates headwinds impacting AMD’s growth in the artificial intelligence (AI) sector, particularly difficulties in securing Chip-on-Wafer-on-Substrate (CoWoS) share. Regardless of the challenges, the firm is optimistic on AMD’s strong prospects in the server and PC markets.