Advanced Micro Devices briefly topped $1 trillion in market value for the first time on Monday, joining Nvidia, Broadcom, and Micron among U.S. chipmakers at that mark as investors bet on its AI compute role.
Advanced Micro Devices briefly soared past $1 trillion in market capitalization for the first time on Monday, Reuters reported, as investors bet on its expanding role in AI computing. Shares were last up 9% at $610 after hitting an all-time high of $613.92, creating a valuation of just over $1 trillion.
AMD becomes the fourth U.S. chipmaker to top a $1 trillion valuation, after Nvidia, Broadcom, and Micron. Nvidia crossed the mark in 2023 and is now the world’s most valuable company, worth more than $5 trillion. AMD is widely regarded as Nvidia’s closest rival in graphics processing units for AI.
The Santa Clara company has accelerated AI product launches and moved beyond selling individual chips toward complete systems that combine processors, networking gear, and related hardware. It is also benefiting from rising demand for central processing units used alongside GPUs in servers that handle inference, which has helped AMD take market share from Intel.
Early last month, AMD forecast quarterly revenue above Wall Street estimates but still short of lofty investor expectations, sending the stock down more than 7% that day. Since then it has leaped over 26%. Most chip stocks surged Monday, with Intel jumping around 11%, Qualcomm rising 4.1%, and the PHLX Semiconductor Index gaining 2.6% to a one-month high.
The session makes clear how concentrated AI compute bets remain: four U.S. chipmakers now have touched the trillion-dollar club, with Nvidia still far ahead on absolute value.