Truist analyst William Stein warned against the sustained semiconductor rally due to a sudden negative shift in demand signals from a wide swath of computer, consumer, and communications OEMs to at least some of their semi-suppliers. The cuts mainly related to production in the second quarter, but demand throughout the year’s second half remained strong. While a single-quarter adjustment or a temporary headwind was possible, he was concerned that “a combination of just enough demand destruction and just enough additional supply is leading to a traditional cyclical downturn.” Consequently, Stein adjusted his price targets for several key semiconductor stocks, including Advanced Micro Devices Inc, Intel Corp, and NVIDIA Corp. His new price target for AMD is $111, down from $144 (7 percent upside), while he cut Intel’s target to $49 from $53 (3 percent upside). He retained a Hold rating on both the stocks. Nvidia remained a Buy for Stein, even though he lowered his …