Key Takeaways
- Shares of AMD climbed approximately 4% Thursday to $268.66, reaching an intraday record of $270.12
- The chipmaker is poised to close with 12 consecutive sessions of gains—the longest such streak in nearly two decades
- The stock has surged approximately 37% during this 12-day period and has gained roughly 24% in 2025
- Taiwan Semiconductor’s robust first-quarter results ignited enthusiasm across the semiconductor industry, benefiting AMD and peers
- Wall Street analysts have increased their targets, with some projections reaching $365, as the company prepares for May 5 earnings
Advanced Micro Devices shares surged to a fresh record Thursday, extending a remarkable winning streak that hasn’t been matched in nearly 20 years.
Advanced Micro Devices, Inc., AMD
The semiconductor company’s stock jumped approximately 4% to $268.66 during morning trading, touching an intraday high of $270.12. Throughout this 12-session rally, AMD shares have appreciated by roughly 37%. Year-to-date gains stand at 24%, while the stock has surged over 200% across the trailing twelve months.
Several catalysts are converging to fuel this momentum.
TSMC, which serves as AMD’s key foundry partner, delivered impressive quarterly earnings Thursday that exceeded expectations. The Taiwan-based manufacturer’s results highlighted robust demand for cutting-edge semiconductors powering artificial intelligence applications and advanced computing systems. Given TSMC’s status as an industry barometer, its strong performance provided a tailwind for AMD and comparable chip manufacturers.
Intel shares also advanced during the session. Nvidia and Marvell experienced early declines.
Favorable Market Conditions Add Support
The broader investment landscape has turned more favorable as well. Optimism surrounding potential diplomatic progress between Washington and Tehran—with Pakistani officials reportedly facilitating discussions—has enhanced risk appetite throughout the technology sector. Crude oil markets have found stability, while supply chain pressures that previously hampered the industry have shown signs of moderating.
This improving sentiment has drawn capital back into high-momentum growth stocks, with AMD emerging as a primary winner.
Shares have now rallied approximately 40% from their 2025 nadir.
Analyst Community Grows More Optimistic
Wall Street coverage of AMD has intensified ahead of the company’s first-quarter fiscal results scheduled for May 5.
Bernstein analyst Stacy Rasgon is among several who have boosted their price objectives, with certain firms projecting valuations as high as $365.
The optimistic outlook hinges on AMD’s strategic collaboration with Meta, its forthcoming MI400 series accelerators designed for AI workloads, and the enhanced ROCm 7.0 software platform. Industry observers believe these initiatives position AMD to capture additional share from Nvidia in the enterprise artificial intelligence market.
From a chart perspective, AMD has broken above key moving average levels, which technical traders interpret as confirmation of sustained bullish momentum. The relative strength index has climbed into the high 70s—a zone that sometimes indicates near-term overbought conditions—though the MACD indicator continues to show positive divergence.
The stock has appreciated more than 35% in slightly over two weeks.
AMD is set to report first-quarter financial results on May 5.
