Advanced Micro Devices Inc. (NASDAQ:AMD) shares experienced a significant surge in 2023, driven by the increasing demand for graphics processing units (GPUs) used in artificial intelligence (AI) applications. However, the stock’s future trajectory has now been thrown into uncertainty as an analyst downgraded AMD’s rating to a rather unconventional status. What Happened: The Northland Capital Markets analyst Gus Richard downgraded AMD’s rating to a “heck if we know” status, citing the uncertainty surrounding the future of the company’s AI-oriented GPUs, CNBC reported on Monday. This downgrade c…

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