Advanced Micro Devices 2027 Server CPU Growth Seen Reaching 100%, Morgan Stanley Says

11:10 AM EST, 11/04/2026 (MT Newswires) -- Advanced Micro Devices (AMD) is expected to deliver 100% server CPU revenue growth in 2027, up from Morgan Stanley's previous estimate of 70%, as it capitalizes on strong market conditions to gain meaningful share despite tight supply chains. The investment firm said in a Wednesday note that it maintains a significant preference for Advanced Micro Devices over Intel (INTC) around the CPU theme as Intel's earliest opportunity to offer competitive parity won't come until H2 2028. Morgan Stanley expects Advanced Micro Devices to account for slightly more than 60% of combined unit growth at the two companies next year, while Intel is expected to lose roughly equivalent unit share. Helios' launch appears to be on track to meet investor expectations next year, with management seeing high demand from anchor clients for 2027, according to the note. For fiscal Q4, the brokerage forecasts EPS of $2.96 and revenue of $17.11 billion. For the full-year fiscal 2027, it expects adjusted EPS of $18.77 and revenue of $98.94 billion, up from $15.64 and $89.13 billion, respectively. Morgan Stanley reiterated its equalweight rating on the stock and raised its price target to $550 from $510. Price: 483.58, Change: -0.32, Percent Change: -0.07