Citigroup cut shares of Advanced Micro Devices (NASDAQ:AMD – Free Report) from a strong-buy rating to a hold rating in a research note published on Wednesday,Zacks.com reports. Several other equities analysts have also recently issued reports on AMD.

Advanced Micro Devices' (NASDAQ: AMD) share price plunged more than 10% following what can only be described as a great report. While the Q1 guidance may be tepid, analysts set the bar high, and growth is expected to continue under the influence of AI for many years.

We recently compiled a list of the 35 Chip Stocks In Focus Amid Tech Selloff. In this article, we are going to take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stands against the other chip stocks.

Advanced Micro Devices (NASDAQ:AMD – Free Report) had its target price reduced by Susquehanna from $165.00 to $150.00 in a research note released on Wednesday,Benzinga reports. They currently have a positive rating on the semiconductor manufacturer’s stock.