Advanced Micro Devices, Inc. AMD shares are trading higher by 2.2% to $166.16 during Friday’s session after Raymond James maintained a Strong Buy and raised its price target from $140 to $190.
Shares of several semiconductor and chip stocks also gained late this week in sympathy with Taiwan Semiconductor Mfg. Co. Ltd. after the company reported strong fourth-quarter financial results.
Several chip stocks are also gaining Friday in potential sympathy with Supermicro after the company said it expects to exceed prior second-quarter financial guidance.
What Happened With TSMC Earnings Thursday?
Taiwan Semiconductor Manufacturing Company Ltd (TSMC) reported fourth-quarter revenue of $19.62 billion, showing a 1.5% year-on-year decrease but surpassing the consensus estimate of $19.45 billion. The earnings per share (EPS) were $1.44, exceeding the consensus of $1.37.
"Our fourth quarter business was supported by the continued strong ramp of our industry-leading 3-nanometer technology," said Wendell Huang, VP and CFO of TSMC…Read More
See Also: AI Stocks Dominate In January: Nvidia, Juniper, Palo Alto Lead The Charge
According to data from Benzinga Pro, AMD has a 52-week high of $168.60 and a 52-week low of $67.45.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
