Advanced Micro Devices Inc. (NASDAQ: AMD) entered the $1 trillion market-capitalization club for the first time on Monday as a broad rally in artificial-intelligence semiconductor stocks lifted the chipmaker to a record high.
AMD shares jumped 9.95% to close at $615.52 on Monday, Sept. 21, after reaching a new 52-week and all-time intraday high of $616.69. The move made AMD the fourth U.S. chipmaker to cross the $1 trillion threshold, following Nvidia, Broadcom, and Micron.
The stock pulled back in early Tuesday trading, changing hands at $608.99 at 05:40 a.m. ET, down 1.06% in premarket trading, according to Yahoo Finance.
Monday’s rally came amid renewed buying in AI infrastructure stocks after Meta Platforms’ Muse AI agent climbed to the top of Apple’s free-app rankings. Bloomberg reported that the development helped lift shares of companies exposed to server CPUs used in agentic-AI workloads, including AMD, Intel and Arm.
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AMD shares jumped 9.95% to close at $615.52 on Monday, Sept. 21, after reaching a new 52-week and all-time intraday high of $616.69. The move made AMD the fourth U.S. chipmaker to cross the $1 trillion threshold, following Nvidia, Broadcom, and Micron.
The stock pulled back in early Tuesday trading, changing hands at $608.99 at 05:40 a.m. ET, down 1.06% in premarket trading, according to Yahoo Finance.
Monday’s rally came amid renewed buying in AI infrastructure stocks after Meta Platforms’ Muse AI agent climbed to the top of Apple’s free-app rankings. Bloomberg reported that the development helped lift shares of companies exposed to server CPUs used in agentic-AI workloads, including AMD, Intel and Arm.
#Crypto