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BTCC / BTCC Square / Global Cryptocurrency /
AMD Stock Surges 6% on TCS Partnership and KeyBanc Upgrade

AMD Stock Surges 6% on TCS Partnership and KeyBanc Upgrade

Author:
Global Cryptocurrency
Published:
2026-01-14 12:13:02
11
2
BTCCSquare news:

Advanced Micro Devices (AMD) shares rallied 6% following a strategic partnership announcement with Tata Consultancy Services (TCS) and an upgraded rating from KeyBanc Capital Markets. The collaboration aims to accelerate enterprise AI adoption across life sciences, manufacturing, and financial services sectors.

KeyBanc analyst John Vinh raised AMD's rating to Overweight with a $270 price target, citing unprecedented demand for server CPUs. Hyperscalers have nearly exhausted AMD's 2026 inventory, creating conditions for potential 10-15% price increases in Q1. The firm projects 50% growth in server CPU sales, potentially driving revenue to $14-15 billion alongside new MI455 and Helios product lines.

The market responded decisively to these developments, pushing AMD's valuation to $361 billion. This rally extends the stock's 90% year-to-date surge as AI infrastructure spending reaches fever pitch across global tech ecosystems.

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