AMD gets another downgrade on tough competition with Nvidia

By Ryan Vlastelica | Bloomberg

Advanced Micro Devices Inc. is falling further behind Nvidia Corp. in its technological capabilities, a fact that could continue to pressure the stock, according to Jefferies, which downgraded the chipmaker to hold.

“AMD has considerable ground to cover before their products can compete,” wrote analyst Blayne Curtis, who previously had a buy rating on the stock. Nvidia’s chips have “a significant performance advantage” over AMD’s, and this gap should...