AMD price target lowered to $150 from $165 at Susquehanna

Susquehanna analyst Christopher Rolland lowered the firm’s price target on AMD (AMD) to $150 from $165 and keeps a Positive rating on the shares. The firm said they posted better results/guidance, largely as Client and Gaming upsided. However, Data Center, and more importantly MI300, missed our and Street expectations, likely confirming investor fears of an MI300 slowdown into 2025.