AMD Is the Chip Stock to Buy on the Dip, Morgan Stanley Says

AMD stock is an attractive buying opportunity after its big drop this year, according to Morgan Stanley.

On Wednesday, analyst Joe Moore resumed coverage on Advanced Micro Devices (ticker: AMD) with an Overweight rating and a $103 price target. AMD shares rose 0.8% to $84.47 Wednesday afternoon.

“After the recent selloff, AMD offers potential…

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