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Investor's Business Daily

Investor's Business Daily

AMD Stock Downgraded On AI Chip Competition, Weakening PC Sales

Investor's Business Daily
Summary
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88% Informative

Risks to AMD stock include competition in artificial intelligence chips and weakening personal computer sales.

AMD stock fell more than 4% to 132.51 in morning trades on the stock market today .

On the positive side, AMD could benefit from struggles at rival Intel , BofA Securities analyst says.