AMD Faces Headwinds in AI/ML Market Alongside Nvidia as Demand Slows

AMD and Nvidia are competing in the same AI/ML market, so Nvidia's struggles likely hurt AMD too.

The AI/ML market may be overhyped currently, leading to volatility as hype meets reality.

Geopolitics like the US chip export ban to China limit the addressable market for AI chips.

Nvidia's revenue declines suggest falling AI/ML demand, which would hurt AMD too.

Despite AMD's lower price, analysts still see upside potential but the stock faces sector-wide AI/ML headwinds.