Reported about 1 year ago
On June 11, 2024, Morgan Stanley chip analyst Joseph Moore downgraded AMD's investment rating from 'overweight' to 'equal-weight,' expressing concerns about overly optimistic expectations for AMD's AI business while maintaining the target price at $176. Moore advised investors to switch to NVIDIA and Intel instead. AMD's stock price fell by 4.5% to $160.34, about 9.8% lower than the target price. Meanwhile, Morgan Stanley upgraded Intel and gave a target price of $1,658, indicating that the latest Blackwell development by NVIDIA has not been fully reflected in the stock price, suggesting a potential increase when Blackwell production begins.
Source: YAHOO