AMD Stock Downgraded as Goldman Sachs Names Its AI Chip Stock Picks for 2025 - Barron's

1. Goldman Sachs downgraded AMD from Buy to Neutral, cutting target to $129. 2. AMD's revenue estimates for 2025/26 were reduced by double digits. 3. AMD stock fell 5.6% in premarket trading after the downgrade. 4. Nvidia remains bullish, with Goldman citing their GPU as the industry standard. 5. Separation in semiconductor performance highlighted AMD's struggles vs AI-focused stocks.