AMD stock (NASDAQ:AMD) has seen a meaningful sell-off over the past week, declining by about 11% over the last five trading days..

Another analyst is casting doubt on Advanced Micro Devices Inc.’s growth potential in graphics processing units, leading to the latest downgrade of the semiconductor stock.

Advanced Micro Devices ( AMD -1.27%), also known as AMD, has been a surprisingly underperforming tech stock over the past year. In 2024, it declined by 18% even despite its promising growth opportunities as a top artificial intelligence (AI) chip maker.

Analysts from Wolfe Research, Goldman Sachs, and HSBC downgrade AMD, citing weak AI chip demand and rising competition. Could the MI350 chip spark a turnaround?

Advanced Micro Devices (NASDAQ:AMD) bears have been feasting over the past year with the stock shown to be a big laggard. In 2024, AMD declined by