AMD shares jump 4.7% after company confirms production ramp of next-generation 2-nanometer Venice CPUs and announces over $10 billion Taiwan AI supply chain investment

AMD confirmed it has started ramping up production of its next-generation 2-nanometer 'Venice' CPUs and announced plans to invest over $10 billion in Taiwan's AI supply chain, prompting analyst upgrades including Bank of America raising its price target to $500.

The new chips use an advanced manufacturing process from partner TSMC. CEO Lisa Su cited stronger-than-expected demand for AI infrastructure. Bank of America cited a projected $1.7 trillion AI data-center market by 2030 in its upgrade.

AMD shares closed at $469.43, up 4.4% from the previous close. AMD has gained server CPU market share in the first quarter of 2026 while a key competitor's share decreased. AMD is up 110% since the beginning of the year and has set a new 52-week high.