KeyBanc's significant reduction of AMD's price target from $220 to $150 has sent ripples through the semiconductor sector, reflecting growing concerns over supply chain disruptions and fluctuating demand. This cautious outlook has led to a recalibration of expectations for AMD's growth prospects, contributing to a broader decline in semiconductor stock prices. The sector has been under pressure, and the revised target underscores the challenges faced by companies like AMD, as analysts continue to monitor the industry's performance closely.
The GraniteShares 2x Long AMD Daily ETF (AMDL) experienced a decline, dropping 2.09% to $7.01 at 5:00 PM on Tuesday, January 14.