TSMC edges higher as AMD starts 2nm chip production

MSN
2026.05.21 16:05
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TSMC's stock rose 0.22% premarket, defying a downward trend in Nasdaq and S&P 500 futures. AMD has commenced production of its 'Venice' EPYC server processors using TSMC's 2nm process, marking a significant milestone. Analysts remain optimistic, maintaining Buy ratings with price targets up to $480 ahead of July earnings, anticipating strong year-over-year growth.