Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the 10 Best NASDAQ Stocks to Buy For Long Term. On September 9, HSBC reduced its price target for Advanced Micro Devices, Inc. (NASDAQ:AMD) from $200 to $185 while keeping a Buy rating. HSBC updated its estimate for the average selling price (ASP) of Advanced Micro Devices, Inc.’s (NASDAQ:AMD) MI355 chip. The firm now expects the ASP to be $23,000 per unit, down from the previous estimate of $25,000. HSBC said this is “a more prudent assumption given dif ...

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the AI Stocks on Wall Street’s Radar. On September 9, HSBC analyst Frank Lee lowered the price target on the stock to $185.00 (from $200.00) while maintaining a Buy rating. The lower price target comes after the firm revised its assumptions regarding AMD’s MI355 chip average selling price (ASP). The firm now estimates the price to be $23,000 rather than $25,000 per unit, calling it a more “prudent assumption given differential pricing for different custo ...