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AMD market cap breaks $1 trillion for first time, fourth US chipmaker to reach milestone
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AMD's market capitalization surpassed $1 trillion for the first time on Monday, closing at a record $615.52 per share after a nearly 10% daily surge. The chipmaker became the fourth US semiconductor company to reach this threshold, following Nvidia, Broadcom, and Micron. The stock has risen about 29% over the past month, with a 21% gain in the last five trading days alone. AMD's second-quarter revenue reached $115.4 billion, up 50% year-over-year, driven by AI chip demand. Its data center segment sales hit $67 billion, more than doubling from the prior year. Despite this milestone, AMD still trails Nvidia significantly in the AI accelerator market, with Nvidia's current market cap around $5.4 trillion. Intel, which has seen a 37% stock gain over the past month, remains below the trillion-dollar mark with a market cap of approximately $648 billion.
Source report
AMD shares surged nearly 10% in a single day, pushing the company's market capitalization above the $1 trillion mark for the first time.
On Monday, AMD closed at a record high of $615.52 per share, after briefly touching $616.69 during the trading session. With this milestone, AMD becomes the fourth US chipmaker to achieve a trillion-dollar valuation, following NVIDIA, Broadcom, and Micron.
Just one week ago, AMD was still a considerable distance from the $1 trillion threshold. Over the past month, the company's stock has gained approximately 29%, with a 21% surge in the last five trading days alone. On Monday, shares jumped nearly 9% within hours of the market open. For investors, this recent rally has provided a significant boost.
Strong Q2 Earnings Fuel Growth
AMD's second-quarter revenue slightly exceeded market expectations by 2%, though the stock initially faced downward pressure following the earnings release. Those earlier positions are now yielding returns.
Key financial highlights from Q2:
- Total revenue: $11.54 billion, up 50% year-over-year from $7.69 billion
- Primary growth driver: AI chips
- Data center segment sales: $6.7 billion, a 107% increase compared to the same period last year
The Trillion-Dollar Landscape
NVIDIA continues to dominate the trillion-dollar club, with a current market cap of approximately $5.4 trillion. Globally, fewer than 20 companies have surpassed the $1 trillion valuation mark, including NVIDIA, Broadcom, Micron, SK Hynix, Microsoft, Apple, and Amazon.
While AMD has successfully joined this elite group, it still faces a significant gap with NVIDIA in the AI accelerator market.
Intel's Rally Continues
Intel has experienced an even sharper stock surge but has yet to cross the trillion-dollar threshold. The company's current market cap stands at approximately $648 billion.
Intel's recent performance:
- Past month: Stock up about 37%
- Last five trading days: Gained 25%
- Monday: Opened with a jump of roughly 13%, moving in tandem with AMD
Source
半导体行业圈Regional
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AMD hits $1 trillion market cap for first time on AI chip demand surge