Advanced Micro Devices (AMD) crossed the $1 trillion market cap mark for the first time during U.S. trading, according to MSX.COM data, as the stock rose 9.5% intraday and moved above $613 per share. The jump put AMD among the semiconductor companies worldwide with valuations above $1 trillion.
The move came as AMD has kept increasing its push into AI computing capacity. The company has expanded cooperation with OpenAI, Anthropic, and Meta, while also launching the MI400 series GPUs and the Helios rack-scale AI system. Its data center business has posted rapid growth.
MSX.COM data also showed that AMD shares are up 186% so far this year. At the same time, rival Intel gained 10.89% on the day to $120.430 per share, giving it a market capitalization of $636.6 billion.
Advanced Micro Devices (AMD) rose 9.5% during U.S. trading, with its share price moving above $613 and its market capitalization topping $1 trillion for the first time, according to MSX.COM data. That made AMD one of the semiconductor companies worldwide to reach the $1 trillion valuation mark.
AMD has recently stepped up its investment in AI computing capacity, expanded cooperation with OpenAI, Anthropic, and Meta, and launched the MI400 series GPUs and the Helios rack-scale AI system. Its data center business has also been growing quickly.
So far this year, AMD shares have climbed 186%. Meanwhile, rival Intel was up 10.89% on the day at $120.430 per share, with a market capitalization of $636.6 billion.
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