DeepSeek Launch, Intel’s Price Cuts The unveiling of China’s new resource-light AI model, DeepSeek, roiled the U.S. big semiconductor stocks earlier this week.

Advanced Micro Devices shares fell to a 1-year low this week due to DeepSeek's AI chat assistant news. See why I continue to rate AMD stock a strong buy.

Melius downgraded shares of chip maker Advanced Micro Devices to Hold from Buy, and cut the target price to $129 from $160.

Presently, AMD stock trades hands at 25.2X forward earnings and 7.9X trailing-12-month (TTM) sales, which while elevated are discounted relative to year-ago metrics of nearly 54X and 13X, respectively.