AMD has started production of its 6th Gen EPYC "Venice" CPUs on TSMC's 2nm technology, enhancing AI infrastructure.
Quiver AI Summary
AMD has announced the production ramp of its 6th Gen EPYC CPUs, codenamed “Venice,” which marks a significant step in the collaboration with TSMC utilizing advanced 2nm technology. This launch is highlighted as the first high-performance computing (HPC) product to achieve this milestone, addressing the increasing demand for accelerated AI infrastructure driven by agentic AI workloads. The company is also planning to extend this technology with the upcoming “Verano” processor, which will include advanced memory solutions designed to enhance performance for cloud and AI tasks. AMD's CEO, Dr. Lisa Su, emphasized the importance of this ramp in meeting the demands of AI and data center infrastructures. With production occurring in Taiwan and plans to expand to TSMC's facility in Arizona, AMD aims to bolster its manufacturing capabilities globally and strengthen its position in the server market while leveraging TSMC’s leading processes and technologies.
Potential Positives
- AMD has achieved a significant milestone by ramping production of its 6th Gen EPYC CPUs, codenamed “Venice,” on TSMC’s advanced 2nm process technology, enhancing its reputation as a leader in high-performance computing.
- The partnership with TSMC for 2nm technology exemplifies AMD's commitment to advanced manufacturing and innovation, ensuring they remain competitive in the cloud and AI infrastructure markets.
- The production ramp is strategically aligned with rising demand for accelerated AI infrastructure, allowing AMD to capitalize on market trends and customer needs.
- AMD’s continued collaboration with TSMC across its CPU roadmap signifies a robust long-term strategy for developing powerful and energy-efficient processors, particularly for AI workloads.
Potential Negatives
- Forward-looking statements in the press release highlight potential risks and uncertainties that could negatively impact AMD's performance and market expectations, including competition, manufacturing challenges, and reliance on third-party suppliers.
- The press release outlines a dependency on TSMC for advanced manufacturing, which may create vulnerabilities if there are disruptions in supply or changes in the partnership dynamics.
- The mention of various risks, including market conditions, regulatory impacts, and potential security vulnerabilities, may raise concerns among investors and stakeholders about AMD's operational resilience.
FAQ
What are the key features of AMD's 6th Gen EPYC CPUs?
The 6th Gen AMD EPYC CPUs, codenamed “Venice,” utilize advanced 2nm technology for high performance and energy efficiency in AI infrastructure.
How does the collaboration between AMD and TSMC benefit production?
The collaboration enhances manufacturing capabilities and accelerates the production of high-performance computing products, ensuring rapid market delivery.
What is the significance of the 2nm technology for AI workloads?
2nm technology enables AMD CPUs to handle complex agentic AI workloads efficiently, facilitating faster deployment of AI infrastructure.
What other products are planned after “Venice”?
AMD plans to introduce “Verano,” which will further enhance performance-per-dollar-per-watt for cloud and AI computing workloads.
Where is AMD ramping production for the “Venice” CPUs?
Production is ramping up in Taiwan, with future plans for additional production at TSMC's facility in Arizona.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AMD Insider Trading Activity
$AMD insiders have traded $AMD stock on the open market 80 times in the past 6 months. Of those trades, 0 have been purchases and 80 have been sales.
Here’s a breakdown of recent trading of $AMD stock by insiders over the last 6 months:
- LISA T SU (Chair, President & CEO) has made 0 purchases and 51 sales selling 460,000 shares for an estimated $126,270,296.
- MARK D PAPERMASTER (Chief Technology Officer & EVP) has made 0 purchases and 5 sales selling 70,756 shares for an estimated $21,297,940.
- JEAN X. HU (EVP, CFO and Treasurer) has made 0 purchases and 16 sales selling 34,462 shares for an estimated $7,069,321.
- FORREST EUGENE NORROD (EVP & GM DESG) has made 0 purchases and 4 sales selling 19,450 shares for an estimated $4,216,968.
- PAUL DARREN GRASBY (EVP & CSO) has made 0 purchases and 2 sales selling 17,500 shares for an estimated $3,724,225.
- AVA HAHN (SVP, GC & Corporate Secretary) has made 0 purchases and 2 sales selling 2,728 shares for an estimated $629,267.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$AMD Revenue
$AMD had revenues of $10.3B in Q1 2026. This is an increase of 37.85% from the same period in the prior year.
You can track AMD financials on Quiver Quantitative's AMD stock page.
You can access data on AMD stock through the Quiver Quantitative API.
$AMD Congressional Stock Trading
Members of Congress have traded $AMD stock 9 times in the past 6 months. Of those trades, 6 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $AMD stock by members of Congress over the last 6 months:
- REPRESENTATIVE JOSH GOTTHEIMER has traded it 2 times. They made 2 purchases worth up to $30,000 on 04/27, 04/23 and 0 sales.
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 4 times. They made 2 purchases worth up to $65,000 on 04/14, 02/10 and 2 sales worth up to $65,000 on 03/13, 12/19.
- REPRESENTATIVE THOMAS R. SUOZZI sold up to $15,000 on 02/18.
- REPRESENTATIVE CLEO FIELDS purchased up to $100,000 on 02/03.
- REPRESENTATIVE JULIA LETLOW purchased up to $15,000 on 02/02.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
$AMD Hedge Fund Activity
We have seen 1,698 institutional investors add shares of $AMD stock to their portfolio, and 1,375 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PRICE T ROWE ASSOCIATES INC /MD/ added 8,521,182 shares (+41.9%) to their portfolio in Q1 2026, for an estimated $1,691,667,656
- JPMORGAN CHASE & CO added 7,346,717 shares (+54.2%) to their portfolio in Q4 2025, for an estimated $1,573,372,912
- D. E. SHAW & CO., INC. added 6,777,265 shares (+1916.6%) to their portfolio in Q4 2025, for an estimated $1,451,419,072
- CARDANO RISK MANAGEMENT B.V. removed 4,193,413 shares (-89.7%) from their portfolio in Q1 2026, for an estimated $832,497,315
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 4,159,336 shares (-41.0%) from their portfolio in Q4 2025, for an estimated $890,763,397
- VIKING GLOBAL INVESTORS LP removed 3,742,191 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $742,918,468
- GOLDMAN SACHS GROUP INC added 3,138,991 shares (+34.3%) to their portfolio in Q1 2026, for an estimated $623,168,188
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$AMD Analyst Ratings
Wall Street analysts have issued reports on $AMD in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Goldman Sachs issued a "Buy" rating on 05/06/2026
- Wells Fargo issued a "Overweight" rating on 01/30/2026
- Keybanc issued a "Overweight" rating on 01/13/2026
To track analyst ratings and price targets for $AMD, check out Quiver Quantitative's $AMD forecast page.
$AMD Price Targets
Multiple analysts have issued price targets for $AMD recently. We have seen 29 analysts offer price targets for $AMD in the last 6 months, with a median target of $450.0.
Here are some recent targets:
- Mark Lipacis from Evercore ISI Group set a target price of $579.0 on 05/19/2026
- Atif Malik from Citigroup set a target price of $460.0 on 05/18/2026
- Louis Miscioscia from Daiwa Capital set a target price of $500.0 on 05/13/2026
- Vijay Rakesh from Mizuho set a target price of $515.0 on 05/12/2026
- Matt Bryson from Wedbush set a target price of $450.0 on 05/06/2026
- James Schneider from Goldman Sachs set a target price of $450.0 on 05/06/2026
- Ruben Roy from Stifel set a target price of $450.0 on 05/06/2026
Full Release
News Summary:
- AMD has begun production ramp of its 6th Gen AMD EPYC™ CPUs, codenamed “Venice,” marking a major milestone for the AMD and TSMC collaboration on 2nm technology
- “Venice” is the first HPC product in the industry to achieve production ramp on TSMC advanced 2nm technology
- Critical milestone achieved as agentic AI workloads drive demand for accelerated AI infrastructure deployments
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AMD continues to drive 2nm product expansion with “Verano” a follow on to “Venice” with industry leading integration of LPDDR for growing memory demand in agentic AI workloads
SANTA CLARA, Calif., May 21, 2026 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced that its next-generation AMD EPYC™ processor, codenamed “Venice,” is ramping production in Taiwan on TSMC’s advanced 2nm process technology, with future plans to ramp production at TSMC’s Arizona fabrication facility. The milestone in the execution of the AMD data center CPU roadmap demonstrates continued progress toward delivering the leadership performance and energy efficiency required for next-generation cloud, enterprise and AI infrastructure. “Venice” is the first high-performance computing (HPC) product in the industry to enter production on TSMC’s advanced 2nm process technology.
“Ramping ‘Venice’ on TSMC 2nm process technology marks an important step forward in accelerating the next generation of AI infrastructure,” said Dr. Lisa Su, chair and CEO, AMD. “As AI and agentic workloads scale rapidly, customers need platforms that can move from innovation to production faster. Our deep partnership with TSMC is helping AMD bring leadership compute technologies to market with the speed and scale required to meet this moment.”
As AI adoption expands from training and inference to increasingly complex agentic workloads, the CPU is becoming even more critical to scaling AI infrastructure, coordinating data movement, networking, storage, security and system orchestration across the data center. The ramp of “Venice” comes as AMD continues to build momentum in the server market, reflecting growing customer demand for EPYC processors to power modern cloud, enterprise, HPC and AI deployments.
The “Venice” ramp in Taiwan and plans to ramp at TSMC Arizona reflect AMD’s focus on strengthening its geographically diverse advanced manufacturing footprint. By pairing next-generation EPYC processor innovation with advanced manufacturing capacity across the globe, AMD is expanding the foundation needed to support customers as they deploy and scale AI infrastructure.
“We are pleased to see AMD continue to make strong progress with its next-generation EPYC processor on our advanced 2nm process technology,” said Dr. C.C. Wei, Chairman and CEO, TSMC. “Our close collaboration with AMD reflects the importance of pairing leadership process technology with advanced design innovation to enable the next era of high-performance and AI computing.”
AMD also plans to extend TSMC 2nm process technology across its data center CPU roadmap with “Verano,” a 6th Gen EPYC processor optimized for performance-per-dollar-per-watt leadership. Designed to support cloud and AI computing workloads, “Verano” is expected to build on the AMD EPYC platform with advanced memory innovations, including LPDDR, to deliver the CPU performance, bandwidth and efficiency required for increasingly power constrained workloads and applications.
AMD and TSMC’s partnership spans the technologies needed to scale modern data center computing, from TSMC 2nm process technology for next-generation CPUs to advanced packaging technologies, including TSMC’s SoIC ® -X and CoWoS ® -L, used across AMD’s broader AI and data center portfolio. With “Venice” ramping on TSMC 2nm, AMD is advancing the CPU foundation for AI infrastructure while continuing to leverage TSMC’s process and packaging leadership to deliver increasingly integrated compute platforms at scale.
About AMD
AMD (NASDAQ: AMD) drives innovation in high-performance and AI computing to solve the world’s most important challenges. Today, AMD technology powers billions of experiences across cloud and AI infrastructure, embedded systems, AI PCs and gaming. With a broad portfolio of AI-optimized CPUs, GPUs, networking and software, AMD delivers full-stack AI solutions that provide the performance and scalability needed for a new era of intelligent computing. Learn more at www.amd.com .
Cautionary Statement
This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) such as the ramping of AMD’s 6th Gen AMD EPYC™ CPUs and future plans and expectations of its partnership with TSMC, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are commonly identified by words such as "would," "may," "expects," "believes," "plans," "intends," "projects" and other terms with similar meaning. Investors are cautioned that the forward-looking statements in this press release are based on current beliefs, assumptions and expectations, speak only as of the date of this press release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. Such statements are subject to certain known and unknown risks and uncertainties, many of which are difficult to predict and are generally beyond AMD's control, that could cause actual results and other future events to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Material factors that could cause actual results to differ materially from current expectations include, without limitation, the following: impact of government actions and regulations such as export regulations, import tariffs, trade protection measures, and licensing requirements; competitive markets in which AMD’s products are sold; the cyclical nature of the semiconductor industry; market conditions of the industries in which AMD products are sold; AMD’s ability to introduce products on a timely basis with expected features and performance levels; loss of a significant customer; economic and market uncertainty; quarterly and seasonal sales patterns; AMD's ability to adequately protect its technology or other intellectual property; unfavorable currency exchange rate fluctuations; ability of third party manufacturers to manufacture AMD's products on a timely basis in sufficient quantities and using competitive technologies; availability of essential equipment, materials, components (such as memory supply), substrates or manufacturing processes; ability to achieve expected manufacturing yields for AMD’s products; AMD's ability to generate revenue from its semi-custom SoC products; potential security vulnerabilities; potential security incidents including IT outages, data loss, data breaches and cyberattacks; uncertainties involving the ordering and shipment of AMD’s products; AMD’s reliance on third-party intellectual property to design and introduce new products; AMD's reliance on third-party companies for design, manufacture and supply of motherboards, software, memory and other computer platform components; AMD's reliance on Microsoft and other software vendors' support to design and develop software to run on AMD’s products; AMD’s reliance on third-party distributors and add-in-board partners; impact of modification or interruption of AMD’s internal business processes and information systems; compatibility of AMD’s products with some or all industry-standard software and hardware; costs related to defective products; failure to maintain an efficient supply chain as customer demand changes; AMD's ability to rely on third party supply-chain logistics functions; AMD’s ability to effectively control sales of its products on the gray market; impact of climate change on AMD’s business; AMD’s ability to realize its deferred tax assets; potential tax liabilities; current and future claims and litigation; impact of environmental laws, conflict minerals related provisions and other laws or regulations; evolving expectations from governments, investors, customers and other stakeholders regarding corporate responsibility matters; issues related to the responsible use of AI; restrictions imposed by agreements governing AMD’s notes, the guarantees of Xilinx’s notes and the revolving credit agreement; AMD’s ability to satisfy financial obligations under guarantees, leases and other commercial commitments; impact of acquisitions, joint ventures and/or investments on AMD’s business and AMD’s ability to integrate acquired businesses; impact of any impairment of the combined company’s assets; political, legal and economic risks and natural disasters; future impairments of technology license purchases; AMD’s ability to attract and retain key employees; and AMD’s stock price volatility. Investors are urged to review in detail the risks and uncertainties in AMD’s Securities and Exchange Commission filings, including but not limited to AMD’s most recent reports on Forms 10-K and 10-Q.
Media Contact:
Phil Hughes
AMD Communications
512-865-9697
[email protected]
Investor Contact:
Liz Stine
AMD Investor Relations
720-652-3965
[email protected]