Analysts reset AMD stock price target after earnings

Advanced Micro Devices (AMD) Q4 earnings on February 3 caused shares to plunge, resetting Wall Street analysts' outlook, and leading Bank of America to update its take on what could happen to shares next. While CEO Lisa Su's company beat consensus estimates, her guidance disappointed investors, sending shares down 16% at the time of writing, Wednesday morning, Feb. 4. Still, Su struck a positive tone on the earnings call about future demand for AI chips, aiming to steal market share from AI-chip kingpin ...