What Do These Price Target Reductions Mean for AMD and Nvidia Investors?

By Jose Najarro – Jul 13, 2022 at 7:00AM

NASDAQ: AMD

Advanced Micro Devices

Market Cap

$269B

Today's Change

(1.13%) $1.86

Current Price

$166.33

Price as of May 20, 2024, 4:00 p.m. ET

Are things that bad for semiconductor companies?

Today's video focuses on the numerous price target reductions Advanced Micro Devices (AMD 1.13%) and Nvidia (NVDA 2.49%) received on July 12. In the video, I also discuss a recent report by IDC that shows how PC shipments have decreased dramatically compared to a year ago, which adds to the fear for semiconductor investors. Check out the short video to learn more, consider subscribing, and click the special offer link below.

*Stock prices used were the market prices of July 12, 2022. The video was published on July 12, 2022.

Jose Najarro has positions in Advanced Micro Devices and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool has a disclosure policy. Jose is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.