AMD Shares Soar Over 6% on TSMC 30% Revenue Guidance and EPYC Outlook
AMD shares jumped over 6% after Taiwan Semiconductor raised its 2026 revenue guidance above 30% on booming AI infrastructure demand that boosts packaging partner volumes. Bernstein lifted AMD’s price target to $265, forecasting 50% EPYC server processor sales growth in 2026 fueled by AI adoption and a Meta cloud agreement.
1. TSMC Revenue Guidance Boost
Taiwan Semiconductor raised its full-year revenue outlook to over 30% growth on surging AI infrastructure orders, signaling robust demand for AMD-powered chips and related packaging services.
2. AMD Stock Reaction
AMD shares climbed more than 6%, marking the longest winning streak since 2005 and reflecting investor enthusiasm over stronger-than-expected semiconductor sector momentum.
3. Bernstein Price Target Increase
Bernstein raised its AMD price target from $235 to $265, citing accelerated AI adoption in data centers and partnerships that will drive higher server processor sales.
4. EPYC Growth Drivers
Projected 50% growth in EPYC server processor shipments for 2026 is underpinned by expanding AI workloads and a major cloud deployment deal with Meta.