Morgan Stanley says AMD can rise more than 20% despite semiconductor industry struggles

Advanced Micro Devices looks like a smart bet for investors despite big-picture concerns about the semiconductor sector, according to Morgan Stanley. Analyst Joseph Moore resumed coverage of the semiconductor stock with an overweight rating, saying in a note to clients that AMD appears to be leader in an industry facing headwinds.

Shares of AMD have fallen more than 40% this year in what has been a hard pullback across the semiconductor space. The industry is tied to overall economic growth, which may mean investors need to be patient for a rebound. Still, Morgan Stanley believes that AMD is undervalued at current levels.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Stock market is not fully pricing in a looming recession, warns Morgan Stanley's Mike WilsonA chorus of Wall Street banks say markets haven't got this recession quite priced in. Here's what could happen next: “Haven’t got the recession quite priced in”. Two years later….
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Renters 'stuck' in Bristol's booming property marketFinancial advisor Samuel Gee says people on average salaries struggle to buy houses in Bristol.
Fonte: bbchealth - 🏆 143. / 63 Consulte Mais informação »

Stock market is not fully pricing in a looming recession, warns Morgan Stanley's Mike WilsonA chorus of Wall Street banks say markets haven't got this recession quite priced in. Here's what could happen next: “Haven’t got the recession quite priced in”. Two years later….
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »