AMD Stock Sank Today -- Is It a Buy for 2024?
AMD stock tumbled in 2024's first trading day as big news surrounding Apple and ASML triggered a rise in bearish momentum for the tech sector.
Source: fool.com
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AMD stock tumbled in 2024's first trading day as big news surrounding Apple and ASML triggered a rise in bearish momentum for the tech sector.
Barclays analysts led by Tim Long cut their rating on Apple to underweight and price target by $1 to $160, compared with the stock’s Tuesday closing price of $185.64.
Shares of Apple suppliers fall in Asia on Wednesday after Barclays downgraded Apple on Tuesday.
Apple's stock is expected to drop to $160 over the next year driven by sluggish iPhone sales and a bleak outlook on new products and services.