TSMC’s 30%+ Revenue Forecast Propels AMD Shares Up 6.05%
AMD shares jumped 6.05% following TSMC’s record quarterly profits and 30%-plus 2026 revenue guidance. Bernstein lifted its price target from $235 to $265 and projected 50% EPYC sales growth next year driven by AI infrastructure demand and a key Meta deal.
1. TSMC’s Record Guidance Spurs AMD Rally
AMD shares rose 6.05% after TSMC announced record quarterly profits and raised its 2026 revenue guidance above 30%, reflecting robust demand for advanced process nodes used in AMD’s chips.
2. Bernstein Raises Price Target on EPYC Growth
Bernstein boosted its AMD price target from $235 to $265, citing expectations of 50% EPYC server processor sales growth in 2026 driven by accelerating AI infrastructure deployments.
3. Impact of Meta Partnership on AMD Demand
AMD’s collaboration with Meta will supply AI accelerator chips for data center expansion, underpinning a projected sales surge and bolstering investor confidence.
4. Market Response and Analyst Sentiment
Investor sentiment turned positive as shares climbed over 6%, fueled by TSMC’s strong forecast and a bullish analyst outlook, suggesting potential valuation re-rating in high-growth semiconductors.