AMD stock taking hit due to weaker AI growth, but poised for growth in AI PC and data center

From NASDAQ.: 2024-07-04 05:15:00

Advanced Micro Devices (NASDAQ: AMD) stock has taken a hit due to weaker growth in AI business in Q1 of 2024. Morgan Stanley downgraded the stock to neutral from overweight, citing high growth expectations. However, AMD is poised to benefit from growing AI PC market share and data center business, with revenue expected to increase across segments. With strong potential for growth, investors may find value in purchasing AMD stock despite recent setbacks.



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