Moody’s downgrades Senegal to Caa1 amid rising debt concerns
Investing.com - Morgan Stanley has raised its price target on BE Semiconductor (AS:BESI) (OTC:BESIY) to €160 from €135 while maintaining an Overweight rating on the stock.
The upgrade follows AMD and OpenAI’s announcement of a strategic partnership to deploy 6 gigawatts of AMD GPUs, with an initial 1 gigawatt deployment planned for the second half of 2026.
Morgan Stanley analyst Nigel van Putten noted that AMD’s Instinct platform heavily leverages hybrid bonding technology in a complex setup using multiple compute chiplets and spacer die on two or more active base dies.
The firm’s calculations suggest a requirement of approximately a dozen hybrid bonding tools for this deployment, though Morgan Stanley is adding a more modest mid-single-digit number to its forecasts due to limited visibility on existing capacity utilization and required turnaround times.
Morgan Stanley views this development as a "structural signal" that large-scale chiplet adoption for AI workloads introduces an idiosyncratic driver that could reshape the medium-term narrative for BE Semiconductor’s stock.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.