https://wccftech.com/amd-downgraded-by-northland-on-sluggish-data-center-demand-in-the-second-half-of-2020-and-the-possibility-of-intel-adopting-tsmc-as-a-cpu-partner/

AMD (NASDAQ:AMD) has received quite a boost following Intel’s epic stumble in the 7nm arena. Despite winning laurels from analysts and an incessant rise in the stock price, the company has received a rare downgrade today from the Northland Capital Markets, a provider of equity research and investment banking services.

To wit, Northland analyst, Gus Richard, downgraded AMD today from an ‘Outperform’ to a ‘Market Perform’ designation. The analyst also pegged a stock price target of $80 for AMD, corresponding to a 5.5 percent downside potential relative to the current pre-market price level of $84.40.