From CNBC · Chris Eudaily · · 1m 30s
AMD hits $1 trillion market cap milestone
Advanced Micro Devices reaches historic valuation as AI chip demand powers a five-day rally.
In brief
Advanced Micro Devices reaches historic valuation as AI chip demand powers a five-day rally. AMD became a one trillion dollar company for the first time, driven by surging demand for its artificial intelligence chips and a five-day stock rally. Originally reported by CNBC.
AMD breaks one trillion dollar barrier
Advanced Micro Devices stock surged ten percent on Monday, hitting a record high and topping one trillion dollars in market value for the first time.
Five day winning streak lifts shares
AMD shares gained about twenty five percent over five trading days, recovering from a recent slump after the company beat earnings but missed growth forecasts.
AI chips drive explosive growth
AMD's data center unit reported sales of six point seven billion dollars, up one hundred seven percent year on year, fueled by artificial intelligence chip demand.
Still far behind Nvidia's dominance
Despite AMD's one trillion dollar valuation and one hundred eighty percent annual gain, rival Nvidia commands five point four trillion dollars and most AI data center chip sales.
Su plans to double data center sales
AMD CEO Lisa Su said the company expects to double data center sales in twenty twenty seven as AI infrastructure buildout shows no signs of slowing.
“expected to double data center sales in 2027”
Nvidia signals continued chip demand surge
Nvidia CEO Jensen Huang expects to double the number of chips his company sells next year, signalling sustained demand across the AI sector.
In short
AMD became a one trillion dollar company for the first time, driven by surging demand for its artificial intelligence chips and a five-day stock rally.
