What Is AMD Stock Trading Lower On Monday? - Advanced Micro Devices (NASDAQ:AMD)
What specific reasons did Morgan Stanley analyst Joseph Moore provide for downgrading AMD's stock from Overweight to Equal-Weight?
Morgan Stanley analyst Joseph Moore downgraded AMD's stock from Overweight to Equal-Weight due to the company's high valuations. He highlighted the impact of Blackwell's launch on Nvidia Corp's NVDA competitors, and noted that AMD appears costly compared to other large-cap AI companies like Nvidia and Broadcom Inc AVGO. Despite the downgrade, Moore believes AMD's product lineup will continue to gain market share in the client and server CPU markets.
What expectations does Joseph Moore have for AMD's product lineup in the client and server CPU markets despite the downgrade?
Joseph Moore, a Morgan Stanley analyst, downgraded AMD from Overweight to Equal-Weight but still believes that AMD's product lineup will continue to gain market share in the client and server CPU markets.
How did Joseph Moore compare AMD’s valuations to other large-cap AI companies like Nvidia and Broadcom?
Joseph Moore, a Morgan Stanley semiconductor analyst, compared AMD’s valuations to other large-cap AI companies like Nvidia and Broadcom and highlighted that AMD appears costly relative to these companies12. He downgraded AMD's stock from Overweight to Equal-Weight, citing its high valuations and the impact of Blackwell's launch on Nvidia Corp's NVDA competitors.