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Benzinga
Benzinga
Business
Anusuya Lahiri

AMD Hits AI Speed Bump—Customers Aren't Buying (Yet)

AMD Jay Goldberg MI Seaport Global Supply chain
Advanced Micro Devices

Advanced Micro Devices (NASDAQ:AMD) faces slowing momentum in its AI accelerator business as customer demand proves weaker than expected, as per Seaport Global's supply chain checks. Concerns include limited volume orders, heavy reliance on discounts, and margin pressure, even as the company remains a long-term competitor in the market.

Analyst Jay Goldberg downgraded AMD from Buy to Neutral.

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