AMD just joined the $1 trillion club, beating Intel to the milestone

AMD has joined the elite $1 trillion club, becoming the fourth US chipmaker to reach this milestone. Following Broadcom, Micron, and Nvidia, AMD's stock opened 2026 at $223.47, falling below $200 on a few occasions before climbing in April. As of now, shares are trading at $607.24, marking a substantial return for early investors in the year.

Nvidia, the current market leader, reached the $1 trillion valuation in May 2023 and has remained on an upward trajectory. The company's current market cap stands at approximately $5.48 trillion, rendering it the most valuable company globally. In contrast, Apple holds a market cap of around $4.94 trillion, while Google and Microsoft trail with market caps of $4.29 trillion and $3.69 trillion, respectively.

AMD's strong performance is not the only notable one this week, with Intel shares surging more than 12%, and Qualcomm shares increasing nearly 8.3%. Qualcomm is also showing resilience, up 1.22% as of this writing. Intel, AMD's traditional rival, has had a strong 2026, with a market cap of $643.5 billion, though it lags significantly behind AMD's valuation.

In 2027, AMD anticipates doubling its data center sales, a positive outlook amid the ongoing AI boom. However, the demand for AI hardware is expected to wane, and AMD's other divisions will come in handy during this transition, preventing a catastrophic outcome for those heavily invested in AI.