AMD's Price Target Slashed But Market Share Gain Expected In 2023

KeyBanc’s report was released yesterday and it covers the current state of the semiconductor market, which is entering the year on a subdued note after a bloodbath that has seen heft losses in share prices for nearly every player. According to KeyBanc, times are tough for both AMD and NVIDIA, as it slashes price targets all around. For NVIDIA, the firm’s latest price target is $220, down from an earlier $230 for a 4% reduction. For AMD, the price target was reduced to $80.

From the article it appears that the price competition has intensified this last year due to a slowdown across most sectors and inventory buildup. The one strong area continues to be servers…doc