Northland Securities Downgrades AMD Amid Rising Competition
Northland Securities downgraded Advanced Micro Devices (AMD) to Market Perform from Outperform, citing rising competition from Intel and TSMC-Nvidia partnerships. The firm expects pressure on AMD's gross margins and elevated R&D spending. Meanwhile, DA Davidson upgraded AMD to Buy, citing strong CPU demand and improved data center visibility.
Tickers: $AMD $INTC $NVDA $TSM
Topics: AI AMD competition Intel Nvidia semiconductor industry stock downgrade stock upgrade TSMC