HSBC lowered its rating on Advanced Micro Devices stock amid several concerns including the chipmaker's ability to compete with Nvidia. Here's what to know.

We recently compiled a list of the 10 Hottest Large-Cap Stocks Right Now. In this article, we are going to take a look at where Advanced Micro Devices Inc. (NASDAQ:AMD) stands against the other large-cap stocks.

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $65.0 to $200.0 for Advanced Micro Devices over the last 3 months. Assessing the volume and open interest is a strategic step in options trading.

Fintel reports that on January 8, 2025, HSBC downgraded their outlook for Advanced Micro Devices (NasdaqGS:AMD) from Buy to Reduce. Analyst Price Forecast Suggests 45.96% Upside As of December 23, 2024,

Advanced Micro Devices lags Nvidia in AI design wins, prompting a downgrade to sell. See why AMD stock faces little room to compete meaningfully with NVDA.

HSBC (LON:HSBA) analysts on Wednesday downgraded AMD (NASDAQ:AMD) stock to Reduce from Buy, and nearly halved their price target to $110 from $200, citing a less competitive AI GPU roadmap. The analysts believe that AMD's ability

AMD (NASDAQ:AMD) shares fell more than 4% in early trading on Wednesday, as HSBC downgraded the Dr. Lisa Su-led chipmaker, citing the belief of a "less competitive" offering compared to what Nvidia (NASDAQ:NVDA) has.