AMD Slips after Downgrade, Jefferies Earnings Miss, GM Drops on Auto Tariffs
On this episode of Stock Movers: - Advanced Micro Devices (AMD) shares fell this morning in premarket after the chipmaker was downgraded to hold from buy at Jefferies, with analysts citing limited traction in artificial intelligence, among other negatives. Jefferies analyst Blayne Curtis also says that Street estimates for AMD are too high, while competition from Intel is growing.- Jefferies (JEF) shares slide as much as 10% in regular Thursday trading, the most since Jan. 10, after earnings came in below estimates aftermarket Wednesday. Morgan Stanley lowered its price target on the…
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