DeepSeek's R1 AI model seems to have undermined the prevailing narrative around hyperscalers, wounding NVIDIA in the process. Even so, NVIDIA remains the strongest horse in the proverbial stable. As evidence, look no further than AMD, which has just received another downgrade, and that too on a vector wholly unrelated to the ongoing DeepSeek-related saga. Melius Downgrades $AMD to Hold from Buy, Cuts PT to $129 from $160, Cites Increased Pressure on Profit Pools Analyst comments: "We should have done this 10 months ago after an epic run for AMD (up over 40% at one point in 1Q24) - so […]