AMD Surpasses $1 Trillion Market Cap for First Time
Advanced Micro Devices (NASDAQ: AMD) crossed the $1 trillion market capitalization threshold on Monday, marking its first time reaching this milestone. The stock climbed over 9% to a record high of $611.57 during trading hours. This surge is part of a broader rally in chip stocks, driven by strong demand for semiconductors and optimism around the sector's growth prospects amid ongoing technological advancements and AI-driven innovation.
Tickers: $AMD
Topics: chipmakers market cap stock price increase