Like other chipmakers, AMD has struggled in recent years amid weak PC sales. The company has shifted its focus to other segments, such as tablets, game consoles and cloud servers, for growth.
The company posted quarterly results late Thursday, which adjusted for one-time items, were in line with
"With momentum now seasonally slowing, we find little reason to become excited about AMD at this time," Yeung wrote.
In premarket trading, shares of
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