AMD Stock Downgraded by Analyst Ahead of Earnings Report
AMD stock fell after Northland Capital analyst Gus Richard downgraded it to 'Market Perform,' citing overvaluation and overbought conditions. The downgrade came ahead of AMD's Q1 earnings report, though the analyst expects the company to beat earnings estimates. AMD's stock remains up 70% from its recent low despite the pullback.
Topics: AMD Analyst Downgrade Earnings Expectations Market Analysis Stock Performance