Why These 5 Stocks Are Trending on Monday

2. Advanced Micro Devices, Inc. (NASDAQ:AMD) has fallen 1.8% as of 12:39 PM ET after the Santa Clara, California-based semiconductor giant was downgraded from Conviction Buy to Buy rating by Toshiya Hari at Goldman Sachs. The analyst maintained a target price of $127, reflecting a potential upside of 6.1% from the last closing price. Hari is positive about the company’s growing share in the server CPU and data center GPU markets along with the expansion of gross and operating profit margins. The analyst anticipates the forecasts to stabilize as the total addressable market (TAM) of personal computers (PC) would decline, and the demand for Graphics Processing Units (GPU) would adjust. Advanced Micro Devices, Inc. (NASDAQ:AMD) was held by 69 hedge funds at the end of Q4 2021.