The great run in shares of Advanced Micro Devices continued Thursday following an upbeat forecast about the chip market and an optimistic call from analysts at TD Cowen. AMD was up 1.1% to $161.90 Thursday after Taiwan Semiconductor Manufacturing said it expects revenue growth this year to be more than double the rate of the broader chip market. TSMC manufactures AMD chips.
It’s kind amazing how many times I’ve missed the mark with the stock market.