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Advanced Micro Devices (AMD) stock is inching up ahead of the company’s Q1 financial release.
Options data shows a bullish skew for AMD, with an upper price target of $377 by May 8.
KEY POINTS
- HSBC has downgraded AMD to 'Neutral', citing stretched valuation and near-term optimism already priced in.
- HSBC warned that foundry capacity constraints at TSMC may limit AMD's growth through 2026.
- Despite HSBC's downgrade, consensus on AMD remains 'Strong Buy' with price targets up to $380.
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