AMD Stock Soars in April
Shares of Advanced Micro Devices (NASDAQ: AMD) surged 74.3% in April 2026, outpacing Nvidia’s 14.4% gain and the S&P 500’s 10.5% return, according to S&P Global Market Intelligence. The performance coincided with overall market strength, as both major indexes reached all-time highs.
Key factors driving AMD’s stock growth include robust quarterly results from Taiwan Semiconductor Manufacturing (NYSE: TSM), which reported a 58% year-over-year increase in earnings per share on April 16, and the announcement of a multi-year AI partnership with the French government. Additionally, Wall Street analysts upgraded AMD’s ratings and price targets, including Susquehanna raising the target to $375 from $300.
AMD is set to report its first-quarter 2026 results on May 5, with expectations for revenue of $9.89 billion, reflecting a 33% increase year-over-year, and adjusted earnings per share of $1.29, a 34% jump from the previous year.
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