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HSBC Trims AMD Target Amid Revised Pricing Assumptions
Yahoo Finance· 2025-09-14 08:03
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 (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 $23,000 rather than $25,000 per unit, calling it a more “prudent assumption given differential pricing for different custo ...