AMD stock price rises early as TSMC outlook lifts chipmakers, with tariffs hanging over AI chips
AMD shares rose 2% to $227.92 Friday morning after TSMC posted record profit and forecasted a 30% revenue jump for 2026, buoyed by strong AI chip demand. U.S. semiconductor stocks rallied on the news, easing tech valuation concerns. The White House clarified new tariffs on AI chips won’t hit imports for U.S. data centers. Traders remain alert to possible tariff expansions and their impact on supply chains.