JP Morgan published a research note stating TSMC is unlikely to allocate significant resources to Intel due to Intel's...
JP Morgan published a research note stating TSMC is unlikely to allocate significant resources to Intel due to Intel's emergence as a foundry competitor, and instead expects TSMC to allocate more capacity to AMD server CPUs, as well as Nvidia's Vera and in-house efforts from CSPs (Source 7).
AMD is already up +165% over the recent 30-90 day window.
signal brief
JP Morgan published a research note stating TSMC is unlikely to allocate significant resources to Intel due to Intel's emergence as a foundry competitor, and instead expects TSMC to allocate more capacity to AMD server CPUs, as well as Nvidia's Vera and in-house efforts from CSPs (Source 7). This aligns with AMD's continued CPU market share gains on Steam, reaching nearly 45% of Windows gaming PCs in May 2026 (Source 4). Additionally, TSMC's SoIC 3D packaging is deepening ecosystem lock-in for AI chipmakers like AMD (Source 1). The vLLM inference framework added support for AMD Zen CPUs in its latest release, further strengthening AMD's position in AI inference (Source 9). These developments collectively signal a favorable supply chain and demand outlook for AMD's server CPU business.
evidence
- https://www.digitimes.com/news/a20260608VL207/digitimes-asia-weekly-news-roundup-mediatek-nvidia-tsmc-taiwan.htmlweb
- https://www.tomshardware.com/pc-components/gpus/amds-rdna-5-gaming-gpus-are-coming-late-next-year-according-to-aibs-at-computex-manufacturers-expect-new-team-red-cards-in-the-second-half-of-2027-alongside-nvidiaweb
- https://www.tomshardware.com/tech-industry/artificial-intelligence/google-signs-usd920m-monthly-compute-deal-with-spacex-companys-projected-annual-data-center-revenue-to-exceed-its-combined-proceeds-from-starlink-launch-services-and-ai-in-2025web
- https://www.tomshardware.com/pc-components/cpus/amd-reaches-almost-45-percent-cpu-share-in-the-latest-steam-hardware-survey-for-windows-gaming-pcs-ryzen-is-steadily-gaining-ground-against-intels-legacy-dominationweb
- https://www.reddit.com/r/hardware/comments/1tzcgg0/amds_rdna_5_gaming_gpus_are_coming_late_next_year/reddit
- https://www.reddit.com/r/AMD_Stock/comments/1tzlwoo/i_made_millions_from_amd_stock_is_it_time_to_sell/reddit
- https://www.reddit.com/r/NVDA_Stock/comments/1tzj3bl/tsmc_might_allocate_more_capacity_to_amd_and/reddit
- https://ir.amd.comweb
- https://github.com/vllm-project/vllm/releases/tag/v0.22.1github
- https://manifold.markets/Soli/will-the-groq-chip-inspire-nvidiaam-1bd2a3f31e64web
- https://manifold.markets/hello/amds-gpu-market-share-increases-inweb
- https://data.sec.gov/api/xbrl/companyfacts/CIK0000002488.jsonedgar
spillover entities
Decision support, not stock advice. This signal is research with cited evidence — not a recommendation to buy, sell, or hold any security.