- AMD hit a $1 trillion market valuation as AI-driven investment lifted the stock.
- Shares rose 9.4% to $612, adding roughly $200 billion in market value in a single week.
- The company has announced ventures with OpenAI and Anthropic, reinforcing its AI growth narrative.
- Second-quarter revenue jumped 50% year on year to $11.5 billion; data center revenue more than doubled.
- Despite the surge, AMD still trails Nvidia, whose valuation nears $5.5 trillion; AMD expects data center sales to accelerate in H2 2026.
US chip company AMD became the latest equity to reach a $1 trillion valuation Monday due to the massive investment boom over artificial intelligence.
Near 1510 GMT, AMD shares were up 9.4 percent at $612, extending a surge that has added some $200 billion in valuation to the semiconductor company in a week.
The California-based company, which has announced ventures with both OpenAI and Anthropic, notched a 50 percent jump in second-quarter revenues over the year-ago level to $11.5 billion, thanks to a more than doubling of data center revenue.
In releasing results in early August, AMD said it expects data center sales to accelerate in the second half of 2026.
Even with the latest surge, AMD’s valuation significantly trails rival chip company, Nvidia, considered the pace-setter in artificial intelligence.
Nvidia’s valuation currently approaches $5.5 trillion.
