Morgan Stanley revisits surging AMD stock price target

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Few stocks person captured the Artificial Intelligence (AI) infinitesimal rather similar Advanced Micro Devices.

Advanced Micro Devices, Inc. (AMD) has climbed 59% twelvemonth to date, and the 1 twelvemonth instrumentality stands astatine 245%, according to Yahoo Finance. Those numbers bespeak a marketplace that has decided AMD is nary longer a distant 2nd successful the AI spot race. It is simply a genuine unit reshaping the information halfway landscape.

Morgan Stanley is paying attention. The slope raised its terms people connected AMD to $360 from $255, portion of a broader circular of semiconductor upgrades during net season. The telephone lands connected the eve of AMD's archetypal 4th 2026 net study connected May 5 aft marketplace close, mounting up 1 of the astir intimately watched prints successful the tech assemblage this year.

This is the infinitesimal erstwhile the AI hardware communicative either accelerates oregon shows its archetypal cracks.

Toward the extremity of April 2026, AMD CEO Lisa Su met with U.S. Commerce Secretary Howard Lutnick to sermon artificial quality and U.S. technological leadership.

That speech underscores conscionable however cardinal AMD has go to the nationalist AI conversation.

Morgan Stanley raised AMD terms people to $360 successful wide semiconductor upgrade

Morgan Stanley's AMD upgrade didn't get alone. The slope besides raised its targets connected GlobalFoundries to $58 from $47, IonQ to $47 from $38, Microchip Technology to $92 from $69, and Navitas to $12.50 from $4.50, according to Seeking Alpha.

The upgrades bespeak what Morgan Stanley sees arsenic a marketplace continuing to fortify broadly. For AMD specifically, the $360 people represents a 41% summation from the anterior $255 figure. That’s really a monolithic revision that signals existent conviction, not a regular mark-to-market adjustment.

Related: Stifel resets AMD terms people for remainder of 2026

The bull lawsuit centers connected AMD's information halfway momentum. Wall Street is modeling astir $5.6 cardinal successful information halfway gross for the archetypal 4th of 2026, Yahoo Finance confirms. That would correspond 52% year-over-year growth. The Instinct MI bid of AI GPUs is astatine the bosom of that projection, with large hyperscalers deploying AMD accelerators astatine scale.

AMD besides has a important server CPU communicative moving successful parallel. The EPYC processor enactment continues to instrumentality stock successful information halfway workloads. That gross watercourse is little volatile than GPU request and provides a durable net instauration beneath the flashier AI hardware narrative.