ChipsSeeking Alpha3 days ago
AMD: Inventory Doesn't Lie And Says Downgrade
1 min read
AMD was downgraded from Buy to Hold due to record $8B inventory in FQ1, days of inventory hitting a five-year high of 142 days. Nvidia's competition pushed AMD's desktop GPU market share to an all-time low. AMD's P/E ratio expanded to 66x, exceeding peers.
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