Advanced Micro Devices (NASDAQ:AMD) bears have been feasting over the past year with the stock shown to be a big laggard. In 2024, AMD declined by

According to data by Jon Peddie Research, Nvidia now holds a 90% share in the GPU market, while AMD accounts for roughly 10%. Related: Analyst overhauls AMD stock price target as

Another analyst is casting doubt on Advanced Micro Devices Inc.’s growth potential in graphics processing units, leading to the latest downgrade of the semiconductor stock.

For those reasons, investors should consider the $120 the “Trigger Price” for a wave of selling on AMD stock. From a long-term perspective, AMD has been in a bear market trend since December. In December the stock broke below its 20-month moving average. AMD maintains a bearish outlook with a price target of $100.

A dvanced Micro Devices (AMD) shares fell on Tuesday after KeyBanc Capital Markets cut its price target for the tech giant by 32%. The firm reduced its target to $150 from $220, c