Mizuho

Mizuho analyst Vijay Rakesh lowered AMD (NASDAQ:AMD) price target to $90 from $95 and maintained a “buy” rating. The analyst told investors in a research note that the company posted results in line with expectations and expects the March quarter to be “better than expected.” The company believes AMD’s short-term margins may weaken as data center growth slows, but expects some improvement in the second half of 2023.