AMD shares are trading higher after Morgan Stanley called the selloff after the company's earnings a buying opportunity.
Portfolio Pulse from Benzinga Newsdesk
Shares of Advanced Micro Devices (AMD) are trading higher following a recommendation from Morgan Stanley, which called the recent selloff after the company's earnings a buying opportunity.
August 04, 2023 | 3:45 pm
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POSITIVE IMPACT
AMD's stock is trading higher after Morgan Stanley's recommendation, suggesting the recent selloff presents a buying opportunity.
Morgan Stanley's recommendation is a significant factor for investors. Their call that the recent selloff is a buying opportunity is likely to increase investor confidence in AMD, leading to a rise in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100