Advanced Micro Devices (AMD) stock was up on Monday despite a warning about the semiconductor company. Five-star Bernstein analyst Stacy Rasgon initiated coverage of AMD shares with a Hold rating and a $140 price target, suggesting a possible 12.85% downside for the company’s stock.
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Rasgon’s stance on AMD isn’t too surprising. The analyst has been critical of AMD in the past and has also maintained a cautious outlook for rival chipmaker Intel (INTC), with a Hold rating and $21 price target, implying a 29.01% downside for those shares.
Rasgon is clearly a member of Team Green, with a Buy rating and $225 price target for Nvidia (NVDA), representing a potential 27.36% upside for the shares. Considering Nvidia has led the AI boom, it makes sense that the Bernstein analyst would favor NVDA stock over AMD and Intel. However, his stance on Intel could change, considering Nvidia’s recent $5 billion investment. This same investment also likely contributed to his Hold rating and lackluster price target for AMD stock.
Semiconductor Stock Movements Today
Despite the Hold rating from Rasgon, AMD stock was up 2.35% on Monday, extending a 33.36% year-to-date rally and a 0.41% 12-month climb.
Investors will also note that Intel stock was down 1.66% today but has rallied 45.14% since the start of the year. The company’s shares have also increased 31.12% in the past 52 weeks.
Finally, Nvidia stock slipped 0.58% on Monday but has gained 30.87% year-to-date. The shares have also jumped 51.96% over the past year.
AMD vs. INTC vs. NVDA: Which Is the Best Semiconductor Stock?
Turning to the TipRanks stock comparison tool, traders can see which of these semiconductor stocks analysts prefer. Unsurprisingly, Nvidia is analysts’ favorite with a Strong Buy rating and 20.51% upside, followed by AMD with a Moderate Buy rating and 16.44% upside, and Intel is last with a Hold rating and 10.46% downside.
