Advanced Micro Devices to give up gains on predictable earnings report, HSBC says
CNBC Top News ·
Advanced Micro Devices stock has jumped over the past month, but shares are poised to give up some of those gains as the company prepares to report first-quarter earnings that will likely meet, but …
Advanced Micro Devices stock has jumped over the past month, but shares are poised to give up some of those gains as the company prepares to report first-quarter earnings that will likely meet, but not exceed, Wall Street's expectations, according to HSBC. The investment bank has downgraded the semiconductor stock to hold from buy. It raised its price target on shares to $340 from $335, but the target suggests shares could fall roughly 6% from Friday's close. …
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