AMD is now Morgan Stanley's top pick in the semiconductor space, taking that spot from Lam Research.
Advanced Micro Devices Inc. is now Morgan Stanley’s top pick in the semiconductor space, but analyst Joseph Moore says the move is not so much about “near-term enthusiasm” for the stock.
AMD “remains the worst performing stock in large... Advanced Micro Devices Inc. is now Morgan Stanley’s top pick in the semiconductor space, but analyst Joseph Moore says the move is not so much about “near-term enthusiasm” for the stock. AMD “remains the worst performing stock in large cap despite the fact that their server roadmap demonstrably improved its technology leadership position over the course of the year,” Moore wrote.
“Lam remains [overweight] and is our preferred stock in semicaps, and we definitely think that some relative rerating was in order, but the magnitude of the rally saps our enthusiasm somewhat,” he said.
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