AMD Stock Downgraded. DeepSeek AI Is Only One Worry. - Barron's

1. AMD downgraded from Buy to Hold due to competition fears. 2. Nvidia's advances threaten AMD in AI-chip and PC markets. 3. AMD's target price cut from $160 to $129 reflects earnings concerns. 4. DeepSeek's cheap models could exacerbate AMD's market challenges. 5. AMD's CPU revenue growth estimate reduced from 9% to 3% for 2027.