"AMD's Stock Soars to New Record High on AI Success"

AMD's stock is set to close at a new all-time high, driven by a broader rally in semiconductor stocks following upbeat outlook from Taiwan Semiconductor Manufacturing Co. (TSMC) and positive long-term commentary about artificial-intelligence chips. TSMC expects AI chips to contribute a high-teens percentage of its revenue in 2027, ahead of prior expectations. Analysts anticipate a wave of buying in AMD, Nvidia, and Marvell Technology on the "AI-winner trade." AMD's stock was already gaining momentum, with an analyst raising the price target to $185, citing potential growth in AI computing driven by the company's MI300 chip.