--- title: "INTC or AMD: Morgan Stanley Sees More Risk in One Chip Name Ahead of Earnings" type: "News" locale: "en" url: "https://longbridge.com/en/news/283438647.md" description: "Morgan Stanley has updated its views on Intel (INTC) and Advanced Micro Devices (AMD) ahead of their earnings reports. The firm maintains an Equal-weight rating on both, raising Intel's price target to $56, indicating a 15% downside, while expressing concerns about its server roadmap. For AMD, Morgan Stanley prefers it over Intel, with a price target of $255, signaling a 7% downside. Analysts expect AMD to report stronger earnings growth compared to Intel, with AMD receiving a Moderate Buy consensus and Intel a Hold rating." datetime: "2026-04-21T04:35:24.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283438647.md) - [en](https://longbridge.com/en/news/283438647.md) - [zh-HK](https://longbridge.com/zh-HK/news/283438647.md) --- # INTC or AMD: Morgan Stanley Sees More Risk in One Chip Name Ahead of Earnings The battle for AI dominance is moving beyond just graphics chips, and Morgan Stanley is the latest firm to weigh in on the two biggest names in the chip space ahead of earnings. Top analyst Joseph Moore recently updated his view on **Advanced Micro Devices (AMD)** and **Intel (INTC)** with a clear preference for one over the other. ### Claim 30% Off TipRanks - Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions - Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Both companies are seeing rising demand as AI workloads increasingly rely on CPUs. However, Morgan Stanley said the opportunity is not the same for both, pointing to differences in product strength and execution. ## **Server Strength Lifts Intel's Outlook, but Risks Remain** Morgan Stanley maintained an Equal-weight rating on Intel but raised its price target to $56 from $41, indicating about 15% downside from current levels. To support its price boost, Morgan Stanley said that Intel could see higher earnings and stronger server demand. The firm raised Intel's data center revenue to grow about 30% year over year in 2026. It also raised its long-term earnings estimates, now sitting above Wall Street forecasts for the next two years. However, the firm remains cautious. Moore flagged concerns around Intel's server roadmap, noting that issues with its next-generation "Diamond Rapids" chip have been acknowledged by management. He also said the company's push into the foundry business still carries high uncertainty, and the chances of it turning into a meaningful profit driver are low. Looking ahead, Intel is scheduled to announce its results for the first-quarter 2025 after the market closes on Thursday, April 23. Analysts expect earnings of $0.01 per share, up 92% from the year-ago quarter, and revenues of about $12.39 billion, reflecting a 2.2% year-over-year decrease. ## **Data Center Momentum Supports AMD's Position** For AMD, Morgan Stanley also holds an Equal-weight rating with a $255 price target. Here, the price target signals about 7% downside from current levels. Even so, the firm clearly stated that between the two, "We have a preference for AMD." The key reason is AMD's product leadership. Moore said the upcoming "Venice" processor is a strong upgrade and is likely to outperform Intel's offerings in the data center market. That said, the firm remains measured in its stance. It noted that AMD's stock can be volatile, pointing out that shares fell last quarter despite solid server performance. Morgan Stanley also added that AMD's stock is more likely to be driven by GPU performance than CPU gains alone. Looking ahead, AMD will report its Q1 FY26 earnings on Tuesday, May 5, after the market close. Analysts expect earnings of $1.27 per share, up 32% from a year ago, and revenue of about $9.85 billion, reflecting a 32% year-over-year increase. ## **Which Chip Stock Is the Better Buy Right Now?** Turning to Wall Street, out of the two stocks mentioned above, AMD stands out with a Moderate Buy consensus from analysts. AMD stock carries an average price target of $287.33, implying roughly 4.50% upside from current levels. By contrast, Intel has a Hold rating from analysts. INTC's stock average price target of $55.47 suggests about 16% downside, pointing to more limited near-term upside compared with AMD. ### Related Stocks - [AMD.US](https://longbridge.com/en/quote/AMD.US.md) - [INTC.US](https://longbridge.com/en/quote/INTC.US.md) - [AMUU.US](https://longbridge.com/en/quote/AMUU.US.md) - [AMDL.US](https://longbridge.com/en/quote/AMDL.US.md) - [SOXQ.US](https://longbridge.com/en/quote/SOXQ.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [INTW.US](https://longbridge.com/en/quote/INTW.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [MS.US](https://longbridge.com/en/quote/MS.US.md) - [MS-O.US](https://longbridge.com/en/quote/MS-O.US.md) - [MS-Q.US](https://longbridge.com/en/quote/MS-Q.US.md) - [MS-E.US](https://longbridge.com/en/quote/MS-E.US.md) - [MS-I.US](https://longbridge.com/en/quote/MS-I.US.md) - [MS-L.US](https://longbridge.com/en/quote/MS-L.US.md) - [MS-P.US](https://longbridge.com/en/quote/MS-P.US.md) - [MS-A.US](https://longbridge.com/en/quote/MS-A.US.md) - [MS-F.US](https://longbridge.com/en/quote/MS-F.US.md) - [MS-K.US](https://longbridge.com/en/quote/MS-K.US.md) ## Related News & Research - [Advanced Micro Devices, Inc. $AMD Shares Sold by WealthCollab LLC](https://longbridge.com/en/news/283666578.md) - [Intel Will Report Q1 Earnings Tomorrow. 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