HSBC Downgrades AMD to Hold Ahead of Earnings Report, Predicts Revenue in Line with Expectations
HSBC has downgraded Advanced Micro Devices (AMD) to 'hold' from 'buy' ahead of its first-quarter earnings report, predicting revenue will meet but not exceed expectations. The downgrade comes as AMD's stock has risen 66% over the past month, driven by AI demand, but HSBC believes supply constraints may limit growth potential.
Topics: AI Demand AMD Analyst Downgrade Earnings Semiconductor Industry Stock Price TSMC Capacity