Despite another robust quarterly performance, Advanced Micro Devices (AMD) finds itself in an uncomfortable backdrop. Morgan Stanley just cut its AMD stock price target to $255 from $260 after earnings, while keeping an equal-weight rating. Despite the cut, following AMD’s post-earnings sell-off, it’s currently trading around $200, implying a superb 28% upside. AMD’s earnings couldn’t have landed at a worse time, as its post-earnings swoon got caught in the middle of a broader AI-tech de-risking. Softw ...