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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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….
Source: MarketWatch - 🏆 3. / 97 Read more »
Phoenix Suns hire NBA associate VP Morgan Cato as an assistant GM, VP basketball operationsWorking nearly 10 years for the NBA, Morgan Cato will be the first woman of color working as an assistant general manager for an NBA team in Phoenix.
Source: azcentral - 🏆 585. / 51 Read more »
Renters 'stuck' in Bristol's booming property marketFinancial advisor Samuel Gee says people on average salaries struggle to buy houses in Bristol.
Source: bbchealth - 🏆 143. / 63 Read more »
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….
Source: MarketWatch - 🏆 3. / 97 Read more »
Designer Stacey Bendet celebrates 20 years of Alice + Olivia with NYC ‘prom’“Someone can love it or someone can hate it, but no one can ever deny how hard you work,” Bendet said of being in the fashion industry for 20 years.
Source: PageSix - 🏆 320. / 59 Read more »
Chevron CEO Mike Wirth calls on Biden to end hostilities towards Big Oil ahead of Thursday gas price showdownChevron CEO & Chairman Mike Wirth on Tuesday urged President Biden to take a different approach to the oil industry to help combat rising fuel prices. Uh, isn't Big Oil enjoying record profits right now, thanks to Fox News and the GOP deflecting the blame for price gouging on Biden. GOP voters are such gullible marks. Let’s go back to Trumps policy where gas was so cheap it bankrupted the oil industry instead of record profits
Source: FoxBusiness - 🏆 458. / 53 Read more »