7 Sources
[1]
After Barclays, Goldman Sachs Also Sours On AMD: "We Now Expect The Stock To Remain Range-Bound Until The Market Regains Confidence In AMD's Future Growth And Margin Trajectory"
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy. The initial trickle of cautiousness around AMD on Wall Street is increasingly turning into a near-consensus view, spurred by increased competition from
[2]
A Major Global Bank Goes Bearish On AMD: "We Now Think AMD's AI GPU Roadmap Is Less Competitive Than Previously Anticipated"
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy. 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
[3]
HSBC double downgrades AMD, says chipmaker will fall due to strong AI competition
It will be a "bumpy ride" for Advanced Micro Devices investors due to strong competition in the artificial intelligence space, according to HSBC. The bank downgraded the semiconductor stock to reduce from buy and lowered its price target to $110 per share from $200. HSBC's forecast implies a
[4]
AMD stock down as HSBC cuts rating on less competitive AI roadmap By Investing.com
Investing.com -- HSBC (LON:HSBA) analysts on Wednesday downgraded AMD (NASDAQ:AMD) stock to Reduce from Buy, and nearly halved their price target to $110 from $200, citing a less competitive AI GPU roadmap. The analysts believe that AMD's ability to penetrate the AI GPU market may be hindered by
[5]
AMD Stock Slumps After Double Downgrade by HSBC on AI Revenue Concerns
AMD shares have lost about a quarter of their value over the past three months, and HSBC analysts said they believe "there remains further downside." Advanced Micro Devices (AMD) shares tumbled Wednesday after HSBC analysts gave the stock a double downgrade, citing concerns about the chipmaker's
[6]
Why AMD Stock Is Sinking Today | The Motley Fool
AMD (AMD -4.23%) stock is losing ground in Wednesday's trading. The semiconductor company's share price was down 3.6% as of 11:45 a.m. ET and had been down as much as 5.2% earlier in the session. AMD stock is falling today on the heels of bearish coverage from HSBC. The firm issued a rare double
[7]
Why AMD Stock Fell 11.9% in December and Lost Rebound Gains in 2025 | The Motley Fool
Advanced Micro Devices (AMD -4.57%) stock saw significant sell-offs in December's trading. The semiconductor company's share price closed out the month down 11.9%, according to data from S&P Global Market Intelligence. With December's trading concluded, AMD stock closed out 2024 down roughly 18%.
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Major financial institutions, including HSBC and Goldman Sachs, downgrade AMD's stock rating due to concerns about its AI GPU roadmap and increased competition in the semiconductor industry.

Advanced Micro Devices (AMD) is facing significant challenges in the artificial intelligence (AI) GPU market, leading to a series of downgrades from major financial institutions. HSBC and Goldman Sachs have both lowered their ratings for AMD, citing concerns about the company's AI GPU roadmap and increased competition in the semiconductor industry
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.HSBC analyst Frank Lee delivered a substantial blow to AMD by double-downgrading the stock from "buy" to "reduce" and slashing the price target from $200 to $110
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. Lee expressed concerns about AMD's ability to penetrate the AI GPU market, stating that the company's "AI GPU roadmap is less competitive than previously anticipated"2
.The bank's pessimistic view stems from several factors:
HSBC has significantly lowered its forecast for AMD's AI GPU revenue in fiscal year 2025 from $12.3 billion to $8.1 billion, well below the consensus estimate of $9.5 billion
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.Goldman Sachs analyst Toshiya Hari has also adopted a cautious stance on AMD, downgrading the stock to a neutral rating and lowering the price target from $175 to $129
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. While Goldman Sachs remains optimistic about AMD's ability to gain market share from Intel in traditional computing sectors, they express concerns about:The downgrades come amid broader concerns in the semiconductor industry:
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Despite the current challenges, AMD is expected to launch its MI350 GPU in the second half of 2025
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. However, analysts believe that AMD may not have an AI rack solution to compete effectively with Nvidia's NVL rack platform until late 2025 or early 2026, when the MI400 is expected to launch2
.The company is also facing a deceleration in its client revenue growth, with HSBC projecting a 12% year-over-year growth in FY25, down from an estimated 44% growth in FY24
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.Following these downgrades, AMD's stock price has experienced significant pressure, with shares falling by 2-4% in recent trading sessions
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. However, it's worth noting that the majority of analysts covering AMD remain positive on the stock, with 43 out of 54 analysts maintaining a buy or strong buy rating, according to LSEG data3
.As AMD navigates these challenges, investors and industry observers will be closely watching the company's ability to execute its AI strategy and maintain its competitive position in the rapidly evolving semiconductor landscape.
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