Morgan Stanley buy on AMD: "We have tried to set conservative forecasts for AMD’s AI, given historic false starts, but higher price points plus supply chain commentary is pointing to an opportunity that is multiples of our initial target. ... We would view our $400 million number for 2024 as conservative given what we have heard, and we don’t think the $1.2 bn is wildly optimistic. ... We would still expect NVIDIA to be aggressive in defending its turf, but AMD is seeing solid orders from these customers and we are at a stage where these wins are much more tangible than what we saw with prior generations of products." $AMD