Gotrade News - AMD stock jumped 74.3 % during April 2026. The rally became one of the strongest single-month moves on the entire S&P 500 index.
Year-to-date through May 1, AMD has climbed 68.4 % and ranks 21st on the S&P 500. The move far outpaced Nvidia, which gained only 14.4 % over the same period.
Key Takeaways
- AMD soared 74.3 % in April 2026, well above Nasdaq's 15.3 % and Nvidia's 14.4 % gains.
- Wall Street consensus expects AMD revenue to grow 33 % year-over-year to USD 9.89 billion.
- Nvidia trades at USD 198.61 with a USD 4.8 trillion market cap, needing a 100 % to 200 % move first.
The AMD rally was not random and tracked four clear catalysts hitting throughout April. The first was Taiwan Semiconductor's earnings report on April 16 of this year.
TSMC reported quarterly EPS up 58 % year-over-year, well ahead of analyst consensus. CEO C.C. Wei described AI chip demand as "extremely robust" for the period ahead.
AMD climbed 7.8 % the same day TSMC released those headline figures. TSMC is the world's largest foundry and AMD's primary manufacturing partner for Instinct and EPYC.
That same day, AMD announced a multi-year partnership with the French government on AI. Markets read the announcement as a competitive win for AMD in sovereign AI versus Nvidia.
AMD Earnings on May 5 and Wall Street's Bar
Susquehanna raised its AMD price target to USD 375 from USD 300 on April 29. AMD shares popped 9.7 % over the two trading days following the upgrade.
Major hyperscalers also confirmed aggressive AI capex throughout April earnings season. That confirmation pushed back against doubts about second half AI chip demand.
Wall Street expects AMD revenue to grow 33 % year-over-year to USD 9.89 billion. Adjusted EPS is projected to climb 34 % to USD 1.29 per share for the quarter.
AMD closed the latest session at USD 360.31, up 1.64 % on the day. A clean beat plus strong June guidance could extend April's blistering rally momentum further.
When Could Nvidia Split Its Stock Again
Nvidia trades at USD 198.61 with a 52-week range of USD 110.82 to USD 216.82. Year-to-date in 2026, Nvidia is only up 6 % across the calendar year.
Since its 1999 IPO, Nvidia has executed six stock splits in total to date. One pre-2000 share now equals 480 shares on a cumulative split-adjusted basis today.
The last split came in 2024 at a 10-for-1 ratio with shares near USD 1,200. Before that, a 4-for-1 split happened in 2021 around the USD 750 price level.
Motley Fool's writer argues another split likely needs a 100 % to 200 % gain first. Global AI infrastructure spending is projected to reach USD 7 trillion over coming years.
For diversified AI chip exposure, the SMH ETF and Broadcom remain popular proxies. SMH spans broad semis exposure while Broadcom dominates custom AI silicon for hyperscalers.
Sources
The Motley Fool, AMD Stock and AMD Earnings Date When the Best AI Stocks Run, 2026.
The Motley Fool, Nvidia Has Split Its Stock 480-for-1 Since 2000 Heres When the Next Split Could Hit, 2026.
