HSBC analysts on Wednesday downgraded AMD (NASDAQ:AMD) stock to Reduce from Buy, and nearly halved their price target to $110 from $200, citing a less competitive AI GPU roadmap.
Technology stocks were in fine form on the stock market in 2024, with the tech-laden Nasdaq Composite (NASDAQINDEX: ^IXIC) index clocking impressive gains of 28.6% last year following an even stronger ...