AMD market cap tops $1 trillion for first time, stock hits record high
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Advanced Micro Devices (AMD) saw its market capitalization surpass $1 trillion for the first time on September 21, with its stock price rising as much as 9.5% to over $613 per share, a record high. The milestone makes AMD one of the few semiconductor companies to achieve a trillion-dollar valuation. The surge is attributed to AMD's aggressive push into AI computing, including expanded partnerships with OpenAI, Anthropic, and Meta, as well as the launch of its MI400 series GPUs and Helios rack-scale AI systems, which have driven rapid growth in its data center business. Year-to-date, AMD shares have gained 186%. In related market movement, competitor Intel's stock also rose 10.89% on the same day, reaching $120.43 per share and a market cap of $636.6 billion.
Source report
September 21 — Advanced Micro Devices (AMD) saw its stock price surge during U.S. trading hours, rising as much as 9.5% to break above $613 per share. The company's total market capitalization exceeded $1 trillion for the first time, making it one of the few semiconductor firms globally to reach this milestone.
AMD has been intensifying its focus on AI computing, expanding partnerships with OpenAI, Anthropic, and Meta. The company has also launched its MI400 series GPUs and the Helios rack-scale AI system, driving rapid growth in its data center business.
So far this year, AMD's stock has gained approximately 186%.
Meanwhile, rival Intel's stock rose 10.89% on the same day, trading at $120.43 per share, with a total market cap of $636.6 billion.
Source
财联社Regional