We are raising our fair value estimate, but shares of the narrow-moat firm look expensive.
With shares up 54% year-to-date, we recommend prospective investors seek a wider margin of safety.
We reiterate our view that shares look attractive at current levels for the wide-moat firm.
We don't expect a rebound in Apple's phone sales this year, and we think the stock's overvalued.
We recommend prospective investors steer clear of shares at current levels.
We're maintaining our $200 fair value estimate.
The market seems to be overestimating AMD's long-term prospects.
However, it remains central to our narrow moat rating.