Shares of Amgen Inc. ($AMGN) reached all-time highs (ATH), with money flowing in and showing strength as they held the 8-day moving average into the close. Advanced Micro Devices, Inc. ($AMD) also hit a new ATH but experienced volatility, with prices dropping at the open and then recovering during recent trading sessions. However, $AMD's momentum faced a setback after Northland Capital Markets downgraded the stock to Market Perform from Outperform, and top-rated analyst Gus Richard downgraded it to a Hold from a Buy. Richard cited overly optimistic expectations about AMD's business growth due to AI as the reason for the downgrade. Following the downgrade, $AMD's stock price slid into the red, falling over 4%.
$AMD is down over 4% this morning #stocks #markets #trading
Chip giant $AMD has slid into the red after top-rated Northland Securities analyst Gus Richard downgraded the stock to a Hold from a Buy. The analyst stated that expectations about AMD’s business growth due to AI are illogically enthusiastic. #stocks #ai https://t.co/xecZ8N8z4S
$AMD: Northland Capital Markets downgrades to Market Perform from Outperform
$AMD new ATH, way off the 8D.. Last few days they dropped them on the open then bought it all back! https://t.co/yjgsTfD3G6
$AMGN remains so strong up at ATH's. Money flowing in and holding the 8D into the close. Sexy chart https://t.co/dD3uKWBdUz