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 ...

It's been a big day for AMD. Really exciting. I love talking about our new products.You know that. So, we just recently uh announced our MI355 chip. This is our newest uh AI chip and it is fantastic.It's the best inference accelerator out there in the market. And you know, if you look at what's happening in AI today, um we're just seeing so many more use cases, John, like people are using AI everywhere. And so, one of the most important things for our customers is to get more efficiency um from their chips. ...