AMD Jumps 7.7% to $278 on TSMC’s 41% Q1 Growth and Bernstein Upgrade
AMD shares rallied 7.74% to close at $278.26, on 65% above-average volume, after TSMC posted Q1 revenue growth of 41% and raised Q2 guidance for a 32% revenue gain. Bernstein lifted AMD’s price target to $265, forecasting 50% EPYC server processor sales growth in 2026.
1. Surge Driven by TSMC Guidance
AMD stock climbed sharply after TSMC reported a 41% increase in Q1 sales and raised its Q2 revenue outlook by 32%, signaling robust AI infrastructure demand that benefits AMD as a key customer.
2. Bernstein Upgrade and EPYC Outlook
Bernstein raised its AMD price target from $235 to $265, citing anticipated 50% growth in EPYC server-processor sales in 2026 driven by AI adoption and the recently secured Meta deal.
3. Valuation and Trading Metrics
Shares closed at $278.26 on volume 65% above average, reflecting heightened investor interest. Despite tripling over the past year, AMD trades at 39x forward earnings, underscoring elevated growth expectations.