Semiconductor giant Advanced Micro Devices (NASDAQ:AMD) reported first-quarter revenue and earnings Tuesday that beat analyst estimates. Here is how Wall Street analysts are reacting to the results and updated guidance. The AMD Analysts: Cantor Fitzgerlad analyst C.J. Muse has an Overweight rating and lowered the price target from $190 to $170. Mizuho analyst Vijay Rakesh has a Buy rating and lowered the price target from $235 to $215. Piper Sandler analyst Harsh Kumar has an Overweight rating and lowered the price target from $195 to $175. Goldman Sachs analyst Toshiya Hari has a Buy rating and lowered the price target from $180 to $175. KeyBanc analyst John Vinh has an Overweight rating and lowered the price target from $270 to $230. Wedbush analyst Matt Bryson has an Outperform rating and price target of $200. Truist analyst William Stein has a Hold rating and lowered the price target from $174 to $162. Roth MKM analyst Suji Desilva has a Buy rating and lowered the price target from $190 to $180. Cantor Fitzgerald On AMD: AMD’s share momentum could be hit by capped earnings leverage, Muse said after the first quarter report. "The MI300 ramp is truly impressive, but supply constraints are limiting a vision for even greater upside where many investors have been discussing much higher #s up until recently," the analyst said. Muse also cautioned on gaming segment weakness that could offset growth in other areas. "Add it all up, and it now appears CY24/25 revenues are tracking to $25.5B/$30.5B – for solid growth of 13%/20%, but below consensus coming in at $25.8B/$32.4B." The analyst said the "2025 and beyond story remains intact" with artificial intelligence a key opportunity for AMD — the No. 2 merchant AI supplier behind NVIDIA Corporation (NASDAQ:NVDA). Mizuho On AMD: The outlook for AMD’s artificial intelligence segment is below expectations, said analyst Rakesh. "AMD guided 2024 AI GPU revenue to >$4B, slightly below optimistic Street expectations of $6-$10B, ...