Morgan Stanley raises AMD price target to $360 on stronger semiconductor demand and AI infrastructure systems

Morgan Stanley raised its price target on Advanced Micro Devices Inc (NASDAQ:AMD) from $255 to $360, citing stronger semiconductor market conditions and rising demand across the chip sector.

AMD is shifting from competing solely on individual chips to offering integrated AI infrastructure systems that combine GPUs, CPUs, and networking. The company's upcoming Helios rack systems are described as the bigger driver for AMD's revenue this year.

AMD ranks #3 in Cathie Wood's AI and Data Center Stock Picks, with Wood's stake valued at $551,414,664.