We recently compiled a list of the 10 AI News Investors Probably Missed. In this article, we are going to take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stands against the other AI stocks.

Advanced Micro Devices shares lost ground Monday after Bank of America downgraded the stock and lowered its price target, citing downside risks from higher competition.

A BofA analyst downgraded AMD’s stock, warning of limitations on the company’s ability to pick up share in an AI market dominated by Nvidia.

Advanced Micro Devices stock was dropping Monday after BofA Securities downgraded shares of the chip maker, citing concerns over competition and the personal computer market. Vivek Arya downgraded shares of AMD to Neutral from Buy and cut his price target to $155 from $180.

Shares of Advanced Micro Devices Inc. (AMD) were down as much as 2% in pre-market trading on Monday after Bank of America (BofA) downgraded the stock, citing increased competition and limited market share potential in the artificial intelligence (AI) sector.

AMD (NASDAQ:AMD) was in focus on Monday as Bank of America downgraded the semiconductor company, citing lower estimates for artificial intelligence and PC-related revenue in 2025. Shares fell 1.5% in premarket trading.