**Shares of Advanced Micro Devices (NASDAQ: AMD) surged 6.4% as of 10:58 a.m. ET on positive investor sentiment about a potential recovery in the tech sector, fueled by Taiwan Semiconductor’s reported Q1 sales growth of 35%, totaling $35.6 billion.** The strong performance suggests robust demand for AI processors, likely benefiting AMD’s own data center business, which saw a revenue increase of 39% to a record $5.4 billion in Q4 2025.
AMD is set to release its Q1 2026 results on May 5, with management projecting total revenue of $9.8 billion, a 32% rise from the previous year, signaling continued strength in the semiconductor market. Meanwhile, geopolitical factors, including a potential ceasefire between Iran and the U.S., may also impact market conditions that have contributed to rising energy prices and inflation in the U.S.
