# Advanced Micro Devices (NASDAQ:AMD) stock is on a tear, jumping about 8% today and continuing a steady climb higher.

*semiconductor · news · 2026-04-17 · Markets Insider*

## Key points

- AMD has logged 12 consecutive sessions of gains, its longest winning streak since 2005.
- AMD and the French government announced expanded cooperation to support France's national AI strategy.
- TSMC, AMD's chip manufacturer, raised its 2024 revenue outlook due to strong AI-driven demand.
- Meta will begin deploying up to 6GW of AMD Instinct GPUs starting 2H26 using MI450 and EPYC CPUs.
- Rosenblatt's Cassidy forecasts AMD achieving over $20 non-GAAP EPS and 35%+ revenue CAGR in 3-5 years.

**Companies:** Advanced Micro Devices, TSMC
**Countries:** France

[Read the full story on Markets Insider](https://markets.businessinsider.com/news/stocks/keep-buying-says-top-analyst-as-amd-stock-hits-new-high-1036032090)

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