Riding high on AI chip demand, AMD passes $1T market cap
Advanced Micro Devices surged past the $1 trillion market-cap threshold in intraday trading on Monday, becoming the latest AI chipmaker to reach the elite trillion-dollar club. AMD stock is riding a five-day hot streak, and its share price has almost tripled this year. AMD chip engineer Chitra Barvekar posted on LinkedIn that "strong execution, real demand, and a growing role in the future of AI" helped the company reach the milestone. AMD is the fourth chipmaker to cross the trillion-dollar mark, following Nvidia, Broadcom and Micron.
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