The stock price closed at $11.84 last Friday, but Morgan Stanley now thinks that AMD isn’t pulling its weight.  The share price fell by 15 percent during last week.

So why has Morgan Stanley revised its assessment of AMD downwards?

It apparently believes that cryptocurrency trading isn’t going to continue to boost sales of its graphics cards but that’s a bit bizarre because, for example, bitcoin continues to rise and rise, prompting increased rather than less speculation.

Nvidia’s next quarterly earnings announcement comes in the middle of November, so that should give a clue as to whether Morgan Stanley’s assessment is right.

As we reported last week, Intel showed flat growth for its personal computer division in its last reported quarter which could signal trouble for AMD ahead.

Nevertheless, take up of its latest flagship lines of microprocessors has so far been good, and this quarter is really the buying season for computers.