AMD stock fell 11.9% in December 2024 due to concerns about AI revenue and competition

From Nasdaq: 2025-01-08 10:28:00

In December 2024, AMD (NASDAQ: AMD) stock experienced a significant sell-off, closing the month down 11.9%. Analysts downgraded the stock, with price targets lowered from $180 to $155 per share. Concerns about AI revenue and competition from Nvidia led to caution in the market, impacting the stock’s performance.

As 2025 began, AMD stock initially saw a 4% rebound before fresh bearish coverage and macroeconomic risks erased those gains. HSBC issued a rare double downgrade, lowering the rating from buy to reduce and slashing the price target from $200 to $110 per share. Concerns about competition with Nvidia and AI revenue potential weighed on investor sentiment.

Despite challenges, AMD remains on the radar for investors. Analysts believe the stock has the potential for an explosive comeback rally despite recent pressures. The market dominance of Nvidia in advanced processors and uncertainties surrounding AI as a catalyst for AMD’s growth have created a mixed outlook for the company in 2025.



Read more at Nasdaq: Why AMD Stock Fell 11.9% in December and Lost Rebound Gains in 2025