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AMD (AMD) Downgraded to Hold by Erste Group on Margin Concerns

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the AI Stocks in the Spotlight for Investors. On September 11, Erste Group analyst Hans Engel downgraded the stock from Buy to Hold due to concerns about the company’s operating margins and valuations. The analysts noted that even though AMD anticipates further growth due to accelerating demand for CPUs and GPUs in data center environments, its operating margin has been lower than the sector average in the recent quarters. Due to the lack of improvemen ...