Truist Lowers AMD Price Target
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The Hidden Headwinds for AMD: Why Truist Just Lowered Its Price Target

79% Informative
Truist recently lowered the price target on Advanced Micro Devices, Inc. ( NASDAQ : AMD ) to $ 111 from $ 130 and kept a Hold rating on the shares.
Truist added that it lacked conviction in AMD 's ability to ramp MI350 , MI400 , and beyond, in a way that would be truly competitive.
Latest reports indicate the semi firm has inked a multi-year , $10 billion investment partnership with HUMAIN , a new artificial intelligence enterprise launched in Saudi Arabia .
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