Since the beginning of July, Advanced Micro Devices (AMD) stock has been on fire. The semiconductor powerhouse announced impressive earnings that exceeded the expectations of many of the most optimistic analysts. In turn, AMD has soared 88% year-to-date. However, Northland analyst Gus Richard has recognized a growing number of adverse trends likely to hurt AMD’s stock price and profitability extending through CY21. Specifically, the analyst believes that factors such as slowing data center demand, shifting ARM server utilization, and longtime reliance on Intel will haunt AMD in ensuing quarters.The clearest factor indicating a decline for AMD, according to Richard, is …read more
Source:: Yahoo Finance
