• Contact
  • Privacy Policy
  • Advertise With Us
  • Login
  • Register
Your Trading Edge Magazine
Advertisement
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
Your Trading Edge Magazine
No Result
View All Result

Bernstein downgraded the AMD stock on Tuesday: find out more

January 25, 2023
in Trading
Reading Time: 2 mins read
A A
0
Bernstein downgraded the AMD stock on Tuesday: find out more
0
SHARES
7
VIEWS
ShareShareShareShareShare

Advanced Micro Devices Inc (NASDAQ: AMD) is trading down on Tuesday after a Bernstein analyst turned dovish on the semiconductor behemoth.

AMD stock lacks a meaningful upside

Stacy Rasgon downgraded the AMD stock this morning to “market perform” and lowered his price target to $80. That represents just a 5.0% upside on its previous close.


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

His view is based primarily on a slowdown in personal computers as consumer spending shifts from goods to services.

PC environment has grown considerably worse and our belief that AMD would prove relatively more immune to channel degradation proved incorrect, and in recent months, we’ve been growing more wary of potential PC dynamics.

The Bernstein analyst does not expect Advanced Micro Devices to grow its margins as much as expected in the back half of 2023.

Intel is adding to its woes as well

Rasgon agrees that the AMD stock is not very expensive to own. But he’s put off by Intel’s “semidestructive behaviour” that has pushed AMD into announcing deep discounts on its new PC parts.

Intel is using both price and capacity as a strategic weapon, continuing to overship even amid broader breakdowns in the industry (it seems to us that Intel has decided that if the channel will hold parts, it might as well be their parts.

The analyst also noted higher costs as another headwind for Advanced Micro Advances Inc.

AMD is set to report its Q4 results next week. Consensus is for it to earn 52 cents a share this quarter versus 83 cents a share a year ago.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Tesla to build $3.5B Semi truck plant in Nevada, White House says

Next Post

Porsche halts NFT mint amid community backlash

Related Posts

LBank Exchange Will List MetaDoge (METADOGE) on January 30, 2023
Trading

LBank Exchange Will List MetaDoge (METADOGE) on January 30, 2023

January 30, 2023
3
Silk Way West Airlines Signs Air Cargo Transport Memorandum with Nippon Express
Trading

Silk Way West Airlines Signs Air Cargo Transport Memorandum with Nippon Express

January 29, 2023
4
Is Salesforce stock a ‘buy’ after naming three new directors?
Trading

Is Salesforce stock a ‘buy’ after naming three new directors?

January 29, 2023
4
Mashida (MSHD) Is Now Available on LBank Exchange
Trading

Mashida (MSHD) Is Now Available on LBank Exchange

January 29, 2023
4
World’s Textile Industry Attempts a Spirited Post-Pandemic Comeback at Frankfurt Trade Fair
Trading

World’s Textile Industry Attempts a Spirited Post-Pandemic Comeback at Frankfurt Trade Fair

January 28, 2023
7
Next Post
Porsche halts NFT mint amid community backlash

Porsche halts NFT mint amid community backlash

Recommended

Balancer Advises LPs To Pull Liquidity Due To “Ongoing Issues”

Balancer Advises LPs To Pull Liquidity Due To “Ongoing Issues”

January 7, 2023
3
The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

January 15, 2023
6
US CPI Will Help Determine Size of Next Fed Rate Hike: Eco Week

US CPI Will Help Determine Size of Next Fed Rate Hike: Eco Week

January 8, 2023
4
NFT Collection Purrnelopes Country Club Price, Stats, and Review

NFT Collection Purrnelopes Country Club Price, Stats, and Review

January 28, 2023
4
Why Salesforce layoffs may actually be a problem for the stock

Why Salesforce layoffs may actually be a problem for the stock

January 12, 2023
4
Your Trading Edge Magazine

This is an online news portal that aims to share the latest news about trade, finance, crypto and much more. Feel free to get in touch with us!

What’s New Here!

  • Oil falls ahead of OPEC+, U.S. Federal Reserve meetings
  • FOREX-Dollar cautiously firm ahead of busy central bank week
  • These Buy-Rated Stocks Are Too Cheap to Ignore

Subscribe Now

Loading
  • Contact
  • Privacy Policy
  • Advertise With Us

© 2021 - ytemagazine.com - All rights reserved!

No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe

© 2021 - ytemagazine.com - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?