AMD beats Intel to the trillion-dollar club as stock price soars — firm joins Nvidia, Broadcom, and SK hynix for companies worth over $1 trillion
AMD has crossed the $1 trillion market cap mark, joining an exclusive list of less than two dozen companies around the world.
AMD has officially joined the trillion-dollar club, following a surge in its share price over the past week. The company's stock price reached around $557 at the close of market on Friday, and immediately jumped to $607 upon the opening bell on Monday, continuing its rise to surpass the $1 trillion mark. AMD's senior marketing director, Saša Marinković, announced the milestone on X, only for the share price to momentarily dip below $1 trillion before stabilizing.
Over the past month, AMD's share price has surged by approximately 29%, with a significant portion of that growth occurring within the last five days, amounting to around 21%. The company joins a select group of under two dozen firms globally that have achieved a market cap of over $1 trillion, including SK hynix, Amazon, Microsoft, Apple, Nvidia, Broadcom, and Micron.
Despite now being part of this exclusive club, AMD remains significantly behind Nvidia, with the latter's market cap at around $5.4 trillion. Nvidia continues to dominate the AI accelerator market, while AMD has made strides in this area through its CPUs, which have become increasingly vital in agentic AI data centers.
Written by urgent.news from Tom's Hardware's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
