Advanced Micro Devices (AMD) Posts Q1 Loss of 9c/Share; Issues Q2 Revenue Growth Outlook

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Ascendiant Capital Downgrades AMD (AMD) to Hold

April 17, 2015 7:02 AM EDT

Ascendiant Capital downgraded AMD (NASDAQ: AMD) from Buy to Hold, saying PC weakness to large to offset and margin leverage is likely limted.

Analyst Cody Acree commented, "Following Intels negative pre-announcement, we believe the Street was largely prepared for AMD... More