Here’s why HSBC analysts are giving up their bearish call on AMD’s stock - MarketWatch

1. HSBC upgraded AMD to hold due to potential Saudi deal upside. 2. AMD partnered with Saudi AI firm Humain for $10 billion AI power deployment. 3. AMD expects a revenue drop of $1.5 billion from U.S. export restrictions. 4. HSBC raised AMD's 2026 GPU revenue estimates from $6.6 billion to $7.8 billion. 5. AMD holds a competitive edge over Intel in the client segment.