AMD Stock Falls After Downgrade From BofA, Citing Risks From Competition | Global News Avenue

Advanced Micro Devices stock (AMDShares of the chipmaker fell on Monday after Bank of America downgraded the stock and lowered its price target, warning of downside risks to the chipmaker in 2025.

The bank downgraded the stock to “neutral” from “buy” and downgraded its rating price target Increased from $180 to $155.

In a note to clients on Monday, analysts pointed to increased competition from Nvidia (NVDA) for artificial intelligence (AI) semiconductorand “The cloud’s growing preference for custom chips” from Marvell Technology (MRVL) and Broadcom (AVGO), which may limit AMD’s potential market share income.

PC processor demand expected to slow

Analysts also expressed concern that demand for PC processors could slow in the first half of next year after a surge in the second half of this year.

However, they noted that AMD could expand its position in the central processing unit (CPU) market like Intel.international trade center) experienced the possible Reorganizationand also benefited from the tight supply of Nvidia AI chips.

Advanced Micro Devices shares fell more than 5% on Monday to close at $130.87, and have fallen about 11% this year.