AMD's Wild Ride May Soon Hit a Speed Bump Advanced Micro Devices (AMD) has been at the forefront of the global semiconductor industry's surge, with its shares rising 108. 16% in the last three months.
The company's data center Graphics Processing Units (GPUs) and server Central Processing Unit (CPU) business have driven this growth, but Daiwa Securities analyst Louis Miscioscia warns that the recent share price surge may soon moderate.
Miscioscia downgraded AMD stock to "Outperform" from "Buy," citing concerns over its valuation.