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An AMD employee presents a 200-millimetre wafer of Advanced Micro Devices (AMD), the U.S. maker of computer chips, in Dresden, eastern Germany, on Oct. 24, 2006. Norbert Millauer/DDP/AFP via Getty Images
Competitor downgrade on 2023 cyclical issues, potential consumer weakness in PCs and mobile, and a possible price war with Intel Corp drove Advanced Micro Devices Inc shares’ weakness, Rosenblatt analyst Hans Mosesmann said.
Barclays recently downgraded the rating on AMD, citing looming cyclical risks in 2023 across several end markets.
