Given Intel's myriad of woes, many investors expected AMD to rapidly capitalize on its processor-driven momentum to start putting up some much-needed effective competition against NVIDIA in the AI GPU sphere. That eventuality, however, has yet to materialize, leading to an ephemeral disillusionment of sorts and prompting a major global bank to now go outright bearish on the stock's near-term prospects. To wit, HSBC - which was the 07th largest bank by assets in a global categorization by S&P in 2024 - has now slashed its target for AMD's share price by 45 percent to $110 from an earlier target […]