CNBC Pro takes a look at three of the bank's top picks, including one in the semiconductor sector and a big internet name.
Some Wall Street investors may be cautious on tech right now, especially after the collapse of Silicon Valley Bank. But others are seeing the volatility as an opportunity to snap up some tech stocks . After rallying to start the year, the Nasdaq Composite has lost more than 5% in the past month. Morgan Stanley named its top picks in tech in a March 13 note. Here's what the bank's analysts, which include top strategists such as Mike Wilson, wrote about three of them.
"The other half of the company's business, its data center compute products, are set up for significant share gain in one of the best end-markets in semiconductors, helping the company stand out against peers even in the face of potential customer budget cuts," the bank's analysts wrote. Morgan Stanley gave AMD an overweight rating, and a price target of $87 — a level that the stock reached on March 14.
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