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Seaport downgrades AMD to Neutral on slowing AI accelerator growth

As previously reported, Seaport Research analyst Jay Goldberg downgraded AMD (AMD) to Neutral from Buy with no price target Recent supply chain checks point to AMD seeing slowing growth in its AI accelerator business, the analyst tells investors. The firm, which is lowering its estimates, sees such a slowdown making it “increasingly challenging” for AMD to meet “over-high” expectations this year, the analyst added.

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