Advanced Micro Devices Inc. (NASDAQ:AMD) shares ripped higher Thursday after Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) reported a blowout quarter and raised its full-year outlook.
- AMD stock is surging. See the chart and price action here.
TSMC — the foundry partner behind AMD’s MI350 and upcoming MI450 accelerators, as well as its next-generation EPYC server CPUs — booked a fourth straight quarter of record profit and lifted its 2026 revenue growth guidance to above 30%, citing “insatiable” AI infrastructure demand and tight 3-nanometer and advanced packaging capacity.
On the company’s earnings call TSMC CEO C.C. Wei said demand remains robust and customer feedback continues to point to a very positive outlook, reinforcing the company’s conviction in a multi-year AI growth cycle.
He added that AI adoption is driving higher …