AMD Shares Face Volatility as AI Strategy Comes Under Scrutiny

Advanced Micro Devices (AMD) finds itself at a critical juncture as confidence in its artificial intelligence growth strategy shows signs of wavering. The semiconductor manufacturer’s ambitious plans for its new MI350 graphics processor have encountered skepticism following a significant analyst downgrade, raising fundamental questions about whether the company can achieve its AI breakthrough objectives or face substantial setbacks.

The investment community appears deeply divided on AMD’s near-term prospects. Seaport Global Securities triggered the latest wave of concern by downgrading AMD shares from “Buy” to “Neutral,” citing disappointing progress in the AI accelerator business. According to their assessment, supply chain reports suggest AMD is struggling to convert initial customer interest from its summer AI event into substantial volume orders, potentially Read more...