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HSBC Trims AMD Target Amid Revised Pricing Assumptions

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the AI Stocks on Wall Street’s Radar. On September 9, HSBC analyst Frank Lee lowered the price target on the stock to 185.00(from185.00 (from 200.00) while maintaining a Buy rating. The lower price target comes after the firm revised its assumptions regarding AMD’s MI355 chip average selling price (ASP). The firm now estimates the price to be 23,000ratherthan23,000 rather than 25,000 per unit, calling it a more “prudent assumption given differential pricing for different custo ...