AMD (AMD) Stock: Why It Fell 6.69%

By Amit Chowdhry ● Sep 23, 2022
  • The stock price of AMD (AMD) fell by 6.69% in the most recent trading session. This is why.

The stock price of AMD (AMD) fell by 6.69% in the most recent trading session. 

Why: Bearish research report

Price target: Reduced from $120 to $100

Rating: Buy

Analyst: BofA analyst Vivek Arya

Arya cut the estimates on both AMD and Intel in order to account for further deterioration in consumer PC demand and inventory excess. And Arya pointed out that the “Buy” argument is based on the current valuation, the data center share gain potential, and consistency of execution.