HSBC Downgrades AMD to Hold Amid Valuation Concerns

On May 4, HSBC downgraded Advanced Micro Devices (AMD) from Buy to Hold and raised its price target slightly to $340. The downgrade follows a significant 77% rally in April despite strong fundamentals driven by AI demand.

By David Moadel May 4, 2026 4 min read · Yahoo Finance · May 4, 2026, 15:07 UTC

HSBC Downgrades AMD to Hold Amid Valuation Concerns

Tickers: $AMD $INTC $TSM

Topics: AI chips AMD HSBC stock downgrade valuation

Read the full article at Yahoo Finance

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