Advanced Micro Devices, Inc. (NASDAQ:AMD): Analyst Warns AI PC Demand Could Disappoint [Yahoo! Finance]
Advanced Micro Devices, Inc. (AMD)
Last advanced micro devices, inc. earnings: 4/28 04:25 pm
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Source: Yahoo! Finance
While everyone is talking about rate cuts, some analysts are questioning whether it was necessary even to start cutting rates at this time. Latest data released on Tuesday showed retail sales in the US rose while Wall Street analysts were expecting to see a decline. Oksana Aronov, JPMorgan Asset Management head of market strategy for alternative fixed income, said while talking to CNBC that rate cuts are not even warranted as she thinks there are no signs of broader weakening except for the labor market. Aronov said cutting rates would “loosen” the financial conditions further. The analyst said that about 14 months ago, everyone was looking at the CPI that was clocking in at 3% and expected the metric to fall to 2%. But even after all these months, CPI year over year is at 2.9%. She said that the Fed should move carefully and the 2% inflation target would be “elusive” because fiscal spending will continue to rise. AI investors are however looking beyond this debate and already po
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- Advanced Micro Devices, Inc. (NASDAQ: AMD) was upgraded by analysts at TD Cowen to a "strong-buy" rating.MarketBeat
AMD
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- 7/30/24 - Beat
AMD
Sec Filings
- 9/17/24 - Form 4
- 9/13/24 - Form 4
- 9/11/24 - Form 144
- AMD's page on the SEC website