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.
AMD hits $1 trillion market cap as stock continues 5-day rally
CNBC Technology · 21 September 2026
Lisa Su, chairwoman and CEO of Advanced Micro Devices (AMD), delivers the opening keynote speech at Computex 2024, Taiwan's premier tech expo, in Taipei on June 3, 2024.
I-Hwa Cheng | Afp | Getty Images
Advanced Micro Devices stock surged 9% on Monday, pushing shares to a record high and topping a $1 trillion market cap benchmark for the first time.
The chip giant's shares hit an intraday high of $613.92, which boosted the company's value just above $1 trillion.
AMD is riding a five-day winning streak, during which shares have gained about 24%. The recent rally has been a welcome sight for investors, who saw the stock fall last month after the company reported second-quarter earnings that beat expectations.
The company reported revenue of $11.54 billion during Q2, up 50% from $7.69 billion a year ago, and its artificial intelligence chips were at the heart of that growth. AMD's Data Center unit reported sales of $6.7 billion, up a whopping 107% from a year ago.
The chipmaker is having a blockbuster year, with the stock up more than 180%. But despite that impressive gain, AMD is still well behind AI chip leader Nvidia, which boasts a market cap of about $5.4 trillion.
The AI buildout that has fueled the surge in chip names this year is showing few signs of slowing, despite the public backlash against data centers and concerns about the underlying safety of large language models.
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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