Given Intel’s myriad of woes, many investors expected AMD to rapidly capitalize on its processor-driven momentum to start putting up some much-needed effective competition against NVIDIA in the AI GPU sphere. That eventuality, however, has yet to materialize, leading to an ephemeral disillusionment of sorts and prompting a major global bank to now go outright bearish on the stock’s near-term prospects. To wit, HSBC – which was the 07th largest bank by assets in a global categorization by S&P in 2024 – has now slashed its target for AMD’s share price by 45 percent to $110 from an earlier target […]
Read full article at https://wccftech.com/a-major-global-bank-goes-bearish-on-amd-we-now-think-amds-ai-gpu-roadmap-is-less-competitive-than-previously-anticipated/
