Citigroup cut shares of Advanced Micro Devices (NASDAQ:AMD – Free Report) from a strong-buy rating to a hold rating in a research note published on Wednesday,Zacks.com reports. Several other equities analysts have also recently issued reports on AMD.

We recently compiled a list of the 35 Chip Stocks In Focus Amid Tech Selloff. In this article, we are going to take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stands against the other chip stocks.

Competition and geopolitical risks exist, but AMD’s strategic pivot, open-source ROCm, and cost efficiency bolster the company's ability to capture long-term AI growth.

Advanced Micro Devices (NASDAQ:AMD – Free Report) had its target price reduced by Susquehanna from $165.00 to $150.00 in a research note released on Wednesday,Benzinga reports. They currently have a positive rating on the semiconductor manufacturer’s stock.

We recently published a list of 10 Must-Watch AI Stocks Dominating Headlines. In this article, we are going to take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stands against other must-watch AI stocks dominating headlines.

Advanced Micro Devices' (NASDAQ: AMD) share price plunged more than 10% following what can only be described as a great report. While the Q1 guidance may be tepid, analysts set the bar high, and growth is expected to continue under the influence of AI for many years.