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Wajeeh Khan

AMD Stock Slides on Analyst Downgrade. What to Know.

AMD Advanced Micro Devices Northland

Advanced Micro Devices (AMD) closed lower on April 27 after Northland Capital issued a dovish note in its favor, just days ahead of its Q1 earnings in May. 5.  

Analyst Gus Richard downgraded the chipmaker to “Market Perform,” citing a “too far, too fast” rally. He maintained his price target at $260, indicating potential downside of about 22% from here. 

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