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HSBC: Wall Street Underestimating Advanced Micro Devices Inc. (AMD)’s AI GPU Business
Yahoo Finance· 2025-09-13 21:53
Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the best tech stocks to buy for the long term. On September 9, HSBC reiterated a ‘Buy’ rating on the stock but cut its price target to $185 from $200. The price target cut comes amid concerns about the average selling price of the company’s M1355 chip. HSBC: Wall Street Underestimating Advanced Micro Devices Inc. (AMD)'s AI GPU Business Posonskyi Andrey/Shutterstock.com According to HSBC, the price target cut was necessitated by the fact that the avera ...