AMD price target lowered to $160 from $180 at Mizuho

Mizuho lowered the firm’s price target on AMD (AMD) to $160 from $180 and keeps an Outperform rating on the shares as part of a 2025 semiconductors and automotive technologies outlook. The firm is optimistic for the PHLX Semiconductor Sector (SOX) in 2025 after gaining 19% in 2024. Mizuho sees continued strength in artificial intelligence, custom silicon, and connectivity. It also sees AI benefiting memory and storage. The analyst also sees challenges in 2025 with autos impacting analog. Mizuho’s top picks for 2025 are ARM (ARM), Broadcom (AVGO), Credo Technology (CRDO), Dell (DELL), Micron (MU), Nvidia (NVDA), and Western Digital (WDC).