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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.
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U.S. stocks closed lower: all three major indexes fell, Chinese concept stocks celebrated all night, and the Golden Dragon Index surged by 8.5%.
① The nasdaq china golden dragon index rose by 8.54%, while the ftse china 3x long etf (YINN) increased by 23.78%; ② OpenAI officially launched the AI video generation model Sora; ③ A man involved in the murder case of the insurance giant's CEO in New York was arrested in Pennsylvania; ④ mondelez international is reportedly exploring the acquisition of the usa chocolate producer hershey.