🟢 AMD is trading 2.3% up today driven by TSMC earnings strength and semiconductor sector rally

AMD is trading at +2.3% now at $233.23 in pre-market, continuing a strong week that saw the stock gain 17% following TSMC's blockbuster earnings report.

• TSMC's 35% profit surge and bullish $52–$56 billion capex guidance lifted the entire semiconductor complex, helping AMD rebound from recent weakness.
• The stock reclaimed its 50-day moving average and is benefiting from broader sector relief as investors regain confidence in AI chip demand.
• Wells Fargo maintains AMD as its top 2026 pick, citing strong datacenter demand and AI positioning, with a $345 price target.