AMD reaches $1 trillion market cap as shares rise 9%
Advanced Micro Devices' stock jumped 9% on Monday, pushing the share price to an intraday high of $613.92 and lifting the company's market value just above $1 trillion. The move extends a five‑day winning streak that has added roughly 24% to the share price.
Key points
- AMD shares hit $613.92, lifting market cap just above $1 trillion after a 9% jump
- Q2 revenue rose 50% to $11.54 billion, with Data Center sales up 107% to $6.7 billion
- Stock has risen about 24% over five days and more than 180% year‑to‑date
The rally follows AMD's second‑quarter earnings, where revenue rose to $11.54 billion, a 50% increase from $7.69 billion a year earlier, driven largely by artificial‑intelligence chips. The Data Center unit posted $6.7 billion in sales, up 107% year over year. Despite the surge, AMD remains far behind AI‑chip leader Nvidia, whose market cap sits around $5.4 trillion.
The story so far
2 episodes →- AMD reaches $1 trillion market cap as shares rise 9%this story
AMD hits $1 trillion market cap as stock continues 5-day rally
CNBC Technology · 21 September 2026
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This text was published by CNBC Technology and written by Chris Eudaily. It is reproduced here with attribution so you can read it in full; the rights remain with the publisher. Read it at the source ↗
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