Advanced Micro Devices surpassed $1 trillion in market capitalization for the first time on Monday, with shares up 9.6% to a record $613.31. The Santa Clara chipmaker becomes the fourth US semiconductor firm to reach the milestone, as investors bet on its expanding role in AI computing. The broader chip index gained 2.7% to a one-month high.
AMD Hits $1 Trillion Market Cap as AI Chip Demand Surges
Source: Reuters