AMD Hits New Highs As Semi Stocks Rally

Advanced Micro Devices (AMD) surged to fresh all-time highs as semiconductor stocks rallied on stronger AI and data-center demand. AMD climbed about 13% on the week (through Thursday), driven by accelerating AI infrastructure orders, bullish analyst upgrades (including raised price targets from Bernstein) and supportive results from chipmaker partner TSMC. TSMC’s strong quarter — a reported 58% jump in Q1 profit — reinforced investor confidence in chip-sector growth, while peers Nvidia and Broadcom also gained (each up mid-single to high-single digits), underscoring broad market momentum that boosted AMD’s outlook. The move reflects heightened investor appetite for AI-related hardware, though some analysts warn rising expectations mean upcoming earnings will be critical to justify the rally.