AMD Is Morgan Stanley’s Top Chip Stock Pick for Next Year

Morgan Stanley says Advanced Micro Devices stock is providing an attractive buying opportunity on the back of its strong lineup of server processors.

On Thursday, semiconductor analyst Joseph Moore made


AMD


shares (ticker:


AMD


) his “top pick” going into 2023. He reaffirmed his Overweight rating and $77 price target for AMD. His prior best idea was


Lam Research


(LCRX).

Source: https://www.barrons.com/articles/amd-chip-stock-pick-51671124626?siteid=yhoof2&yptr=yahoo