AMD hits $1 trillion market value for first time
AMD’s stock broke records on Monday, topping $1 trillion in market value as shares climbed nearly 10% to about $614. The jump extends a five-day rally, with shares up roughly 24% over that stretch. AMD is now one of the few chipmakers ever to hit this valuation, as investors bet heavily on its role in powering artificial intelligence systems.
- Hit $1 trillion market cap during Monday trading
- Shares reached an intraday high near $614
- Stock has climbed 24% in five days
- AMD shares up over 180% in 2024
- Investors focused on AMD’s AI computing potential
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