AMD Stock Falls 5.9% After Goldman Sachs Downgrade
Shares of computer processor maker AMD plummeted 5.9% in morning trading after Goldman Sachs analyst Toshiya Hari downgraded the stock from Buy to Neutral, citing modest demand for its PCs, servers, and data center GPUs amid growing competition. The shares ended the day at $115.97, down 4.8% from the previous close. The market’s reaction suggests … Read more