AMD Stock Bulldozes Through a 12-Day Winning Streak as U.S.-Iran Ceasefire Fires Up Risk-On Chip Rally
The semiconductor world is witnessing a historic surge as one of its biggest names breaks records from decades ago. On Thursday, Advanced Micro Devices (AMD) extended its winning streak to 12 consecutive days, a feat the company has not achieved in over 20 years. Investors are flocking to the stock as the combination of new technology and a cooling global conflict creates an ideal combination for growth.
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AMD’s Record-Breaking Streak Adds Billions to Market Value
The company has seen a massive wave of buying that has pushed its value to new heights. This rally is being fueled by a mix of strong financial data and a sudden shift in global politics.
As of the latest trading session, AMD has surged 32% over its current winning streak. This marks the longest run of daily gains since May 2005. This move has added roughly $101 billion to the company’s market cap, which now sits at a staggering $420 billion. Analysts note that the stock has benefited immensely from the recent cease-fire in Iran, which has calmed the broader markets and sparked a massive risk-on rally for tech giants. The asset is now up over 195% in the last 12 months, vastly outperforming the broader S&P 500.
AMD’s Partnership with TSM Bolsters the AI Case
The firm’s primary partner in making its chips has just reported a massive jump in profit, proving that the demand for high-end silicon is not slowing down.
Taiwan Semiconductor Manufacturing (TSM) reported its first-quarter results today, showing a revenue of $35.9 billion. This exceeded all expectations and highlighted a 40.6% year-over-year growth. This success is a direct win for AMD, as it relies on TSM to build its next-generation MI350 and MI455X AI accelerators. For the first time, high-performance computing now accounts for nearly 50% of AMD’s total revenue. The company is successfully eroding Intel’s (INTC) lead in the server market while closing the software gap with Nvidia(NVDA) through its open-source ROCm 7.0 platform.
AMD’s MI400 Series Launch Fuels Multi-Year Growth
The market is already looking ahead to the next big release that could push the stock even higher. The focus has shifted from just training AI to the massive world of inference, where AMD has a unique advantage.
Investors are currently pricing in the launch of the MI400 series, which is scheduled for the second half of 2026. These chips are built on a cutting-edge 2nm process and offer massive memory bandwidth, making them ideal for running large language models. T
here are also rumors of a massive 6-gigawatt data center deal involving OpenAI and Microsoft (MSFT) that would use AMD silicon as its foundation.
Is AMD Stock a Buy or Sell?
While the company faces high expectations, the current average 12-month AMD price target from Wall Street has moved up to $284.42, suggesting there is still plenty of room for this historic run to continue. The stock is rated a Moderate Buy based on 28 analyst ratings. Out of these ratings, 20 suggest a Buy and eight say it’s a Hold.
