NVIDIA and AMD both saw their price targets cut by TD Cowen today due to problems with compute demand for AMD and potential troubles with next-generation chips for NVIDIA. Both firms have struggled in the stock market this year, with NVIDIA having lost 28% year-to-date while AMD has been down by 31%. TD Cowen has cut NVIDIA's share price target to $140 from an earlier $175 but kept a Buy rating for the stock and maintained it as a Top Compute pick. As for AMD, the firm has reduced the share price target to $110 from $135 and cited tariff-related […]
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