AMD Pops 7.7% After TSMC Raises 2026 Revenue Guide Above 30%
Advanced Micro Devices shares jumped 7.7% on April 16 after Taiwan Semiconductor guided for over 30% 2026 revenue growth and reported 41% Q1 sales gains, sparking semiconductor optimism and driving trading volume 65% above average. Bernstein raised its price target to $265, forecasting 50% EPYC sales growth next year.
1. TSMC Guidance Boosts Sentiment
Taiwan Semiconductor reported 41% year-over-year sales growth in Q1 and raised its 2026 revenue outlook above 30%, highlighting robust AI infrastructure demand and triggering a 7.7% rally in AMD shares on April 16.
2. Heavy Trading Volume
AMD’s trading volume climbed 65% above its 30-day average as institutional and retail investors increased positions following positive industry signals, marking one of the stock’s busiest sessions this quarter.
3. Bernstein Raises Price Target
Bernstein raised its price target on Advanced Micro Devices to $265, citing an anticipated 50% increase in EPYC processor shipments in 2026 driven by expanding AI data-center deployments and a strategic Meta partnership.