AMD stock rises as TSMC outlook lifts chips, even as Trump’s AI-tariff clouds the next trade
AMD rose 1.9% to $227.76 Thursday after TSMC posted strong profits and raised its 2026 spending outlook. A new 25% U.S. tariff on some AI chips, including AMD’s MI325X, added uncertainty ahead of AMD’s Feb. 3 earnings. Nvidia gained 2.1%, while Intel slipped 0.9%. About 50 million AMD shares traded.