AMD stock catches a downgrade as concerns about China and tariffs heat up [Yahoo! Finance Canada]

KeyCorp (KEY)
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Source: Yahoo! Finance Canada
KeyBanc Capital Markets senior research analyst John Vinh slashed his rating on AI darling Advanced Micro Devices ( AMD ) to Sector Weight from Overweight on Tuesday. The call is somewhat against the grain, as 64% of the sell-side analysts on Wall Street rate AMD a Strong Buy or Buy, according to Yahoo Finance data Vinh said there are three main factors behind his downgrade: Increasing concerns regarding the sustainability of AMD's China AI business. "While near-term demand trends are driving increased demand for the MI308 from Chinese hyperscalers, we are increasingly concerned whether this is sustainable given concerns that further export restrictions will be levied by the U.S.," Vinh wrote. Increasing risk to gross margin given a potential price war
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