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Surrounded by strong competitors and demand performance falling short of expectations, Bank of America has downgraded AMD's rating!
Bank of America pointed out that the weak demand from AWS customers for amd ai chips, nvidia's dominance, and the increasing market preference for custom chips from Marvell and Broadcom are collectively limiting amd's growth potential.
Bank of America reduces call bets on AMD (AMD.US): unable to shake nvidia, and ASIC is coming on strong.
Due to rising concerns about ai and personal computer business, bank of america has downgraded its rating for AMD, which is also an important reason for AMD's stock price dropping over 5% on Monday.
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