AMD Stock Slumps as Analysts Cut Price Targets After Data Center Revenue Misses Estimates

Key TakeawaysAdvanced Micro Devices shares plunged Wednesday after the chipmaker’s data center sales missed expectations.Analysts said AMD hasn’t shown how it can compete with Nvidia’s dominance in the AI chip market. However, some called the selloff an overreaction, pointing to the strength of the company's client CPU segment.  Advanced Micro Devices (AMD) shares plunged Wednesday and several analysts dropped their price targets after the chipmaker’s data center sales missed expectations.  Bank of America ...