@StickyRice：Advanced Micro Devices replaces Lam Research as Morgan Stanley's top chip stock for 2023 $Semiconductor Bull 3X Shares(SOXL)$ Advanced Micro Devices (AMD) has replaced Lam Research (LRCX) as Morgan Stanley's top semiconductor stock for 2023, as the firm cited the significant rally in semiconductor stocks over the past couple of months that AMD has not really participated in. Analyst Joseph Moore, who rates both AMD and Lam Research overweight, noted that the outlook for the industry going into next year is still "challenging," making the firm cautious even as stocks have rallied in recent weeks, including a 50% rise for Lam. "Lam remains [overweight] and is our preferred stock in semicaps, and we definitely think that some relative rerating was in order, but the magnitude of the rally saps our enthusiasm somewhat," Moore wrote in a research note. "AMD meanwhile has also rallied, but remains the worst performing stock in large cap despite the fact that their server roadmap demonstrably improved its technology leadership position over the course of the year," Moore added. Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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