top of page
Erste Group Downgrades AMD To Hold, Shares Fall 2%
Erste Group downgraded Advanced Micro Devices (NASDAQ:AMD) from Buy to Hold, sending shares down about 2% in Thursday’s session.
The analysts said AMD expected growth in 2025 from rising demand for high-performance CPUs and GPUs in data centers. However, operating margins remained below sector averages, and EBIT margin was slightly negative in the most recent quarter.
The report added that AMD’s return on equity was weaker than peers, making the current valuation appear elevated.
Want to know when to buy this stock? Download the Stocks 2 Buy app or try the Web version
Forecast your chosen stock price with the Stock Sentiment Map.
Comments
Share Your ThoughtsBe the first to write a comment.
bottom of page