AMD and Adobe get analyst downgrades for AI-related concerns

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Brad Smith and Madison Mills take a look at Advanced Micro Devices (AMD) and Adobe (ADBE), two names on Yahoo Finance's trending ticker platform.

AMD shares are under pressure, hovering near its 52-week low after HBSC downgraded the stock and lowered its price target, citing the chipmaker's less-than-ideal position in the competitive artificial intelligence (AI) chip market.

Adobe also received a downgrade from analysts, with Deutsche Bank saying the company lacks tangible evidence of AI monetization.

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This post was written by Naomi Buchanan.