AMD Stock Slips as Analysts Warns of Slowing AI Orders

Sep 4 - Advanced Micro Devices AMD slipped about 6% on Friday after a round of analyst updates created mixed sentiment around the chipmaker. Seaport Global's Jay Goldberg shifted AMD to a "Hold" rating from "Buy", pointing to supply chain checks that signaled slowing demand for the company's AI accelerator business.

At the same time, Citi's Christopher Danely reiterated a Hold with a $180 target, while Bank of America's Vivek Arya maintained a Buy rating and a $200 target, implying nearly 25% upside.

The analyst coverage arrives as U.S.-China trade tensions continue to weigh on the semiconductor sector. A new policy requires AMD and rival Nvidia NVDA to direct 15% of China revenue to the U.S. government. Intel INTC also faces the same mandate as it navigates its restructuring efforts.

Despite Thursday's decline, AMD shares remain up more than 32% year-to-date, supported by optimism over its MI355 AI chip and EPYC server processors. Wall Street's consensus still calls AMD a Moderate Buy, with an average target of $184.91, suggesting 15% potential upside.