The discrepancy follows a report that slashed the 2026-2030 GPU demand forecast for AMD from 14.1M to 8M units, a 43.3% decrease, including a 75% cut to 0.6M units specifically for 2026. The bank left its forecasts for Nvidia unchanged, fueling market concerns that cloud providers such as Meta, Amazon, and Google are prioritizing their own custom AI silicon over third party hardware. Some observers have questioned the validity of demand modeling that extends beyond 2027.
Tuesday, October 20, 2026
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Morgan Stanley Analyst Dismisses 43% AMD GPU Forecast Cut
Tech1 day ago
A lead researcher at Morgan Stanley has clarified that a recent drop in GPU shipment projections for AMD does not alter the firm's overall investment thesis. The adjustment was a "housekeeping" move by the bank's Asia team, led by Howard Kao, involving a substrate forecast that the lead analyst says cannot be accurately tied to actual chip shipments. This change was part of a larger note and does not impact the firm's primary views on the chipmaker, whose CPU growth is expected to surpass 70% next year.
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