SA analyst upgrades/downgrades: AMD, QCOM, SHOP, ANGI

[Man looking at currency trading app on his smart phone from his home office]
Alistair Berg

Shopify (SHOP [https://seekingalpha.com/symbol/SHOP]) and Qualcomm (QCOM [https://seekingalpha.com/symbol/QCOM]) have received upgrades as analysts point to accelerating e-commerce trends and emerging AI opportunities. Meanwhile, Advanced Micro Devices (AMD [https://seekingalpha.com/symbol/AMD]) and Angi (ANGI [https://seekingalpha.com/symbol/ANGI]) face downgrades amid concerns over stretched valuations and deteriorating business fundamentals.

UPGRADES

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SHOPIFY (SHOP [https://seekingalpha.com/symbol/SHOP]): RATING UPGRADE BY THE ASIAN INVESTOR [https://seekingalpha.com/article/4903765-shopify-stock-growth-acceleration-rating-upgrade]. The analyst cites accelerating revenue growth driven by robust e-commerce trends and the expansion of AI-powered Merchant Solutions, with Q1’26 revenue growing 34% year-over-year to $3.2B.

> _“Given that shares of Shopify indeed pulled back in 2026, on growing fears that AI will be detrimental to the business models of software technology companies, I am up-grading shares to 'Buy' due to an improved valuation setup.”_

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QUALCOMM (QCOM [https://seekingalpha.com/symbol/QCOM]): UPGRADE TO BUY BY TECH STOCK PROS [https://seekingalpha.com/article/4904069-qualcomm-the-cheapest-ai-winner-rating-upgrade]. The analysts believe smartphone headwinds are now priced in, with the company’s AI diversification and custom silicon engagement with a major hyperscaler signaling a turning point.

> _“We believe the company is just now ramping up its AI persona and see it quickly becoming a fan-favorite within the chip sector as investors forecast what the agentic AI moment will require. The hyperscale design win for shipments in the December quarter is a definite positive, and we expect the market to react more positively to the added detail that Investor Day will bring.”_

DOWNGRADES

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ADVANCED MICRO DEVICES (AMD [https://seekingalpha.com/symbol/AMD]): RATING DOWNGRADE BY CASH FLOW VENUE [https://seekingalpha.com/article/4904110-amd-the-ride-wont-last-forever-rating-downgrade]. The analyst believes AMD’s over 60x P/E valuation is no longer justified by its growth potential and recommends investors lock in profits after a massive rally.

> _“I think AMD's growth prospects don't justify its valuation. Yes, I agree that they are impressive if we only compare them to AMD's history. But I don't think it's a right way to think about it. Right now, I see a much better opportunity with NVDA.”_

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ANGI (ANGI [https://seekingalpha.com/symbol/ANGI]): DOWNGRADE TO SELL BY GARY ALEXANDER [https://seekingalpha.com/article/4902904-angi-stock-ai-software-transition-likely-to-flop-rating-downgrade]. The analyst warns that Angi’s risky AI software pivot is unlikely to reverse declining fundamentals, with active pros down 22% year-over-year and pro churn rising to 5.0%.

> _“Angi Inc. (ANGI [https://seekingalpha.com/symbol/ANGI]), formerly known as Angi's List, is embarking on a risky transition toward developing AI-powered software. In my view, this move is unlikely to yield fruit for the company. Down ~60% since the start of January, I see very little business moat here, nor catalysts that can help to reverse the downside.”_

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