Advanced Micro Devices (AMD) has been the subject of several recent market revisions and actions. Despite facing challenges amid stiff competition from Nvidia in the AI market, AMD emerged as a leader in AI and gaming chip innovations. However, experts like Jim Cramer have identified a challenging road ahead, particularly regarding their data center business. The company's Q4 arrival was anticipated with mixed sentiments, some advising buys, others suggesting holders to hold. Similarly, while some financial institutions augmented their shares in AMD, others trimmed their position. Inevitability, AMD's Q3 2024 revenue came whopping at $6.8B, concurrently increasing their gaming product line with Ryzen processors. Plus, the focus remains on the recent fall of AMD stocks during the DeepSeek selloff. Market watchers are interested in AMD's future role in delivering cost-effective AI chips resultant of DeepSeek's perceived efficiency. Meanwhile, various price targets have been set for AMD, with some analysts remaining bullish while others have cut expectations. Ultimately, the market trend suggests anticipation of potentially substantial movement in AMD's financial performance.
Advanced Micro Devices AMD News Analytics from Fri, 10 Jan 2025 08:00:00 GMT to Sat, 01 Feb 2025 15:30:11 GMT -
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