AMD's shares rose 9% to $613. 92, pushing its market value just above $1 trillion after a five‑day rally and strong Q2 results.
AMD stock surged 9% on Monday, reaching an intraday high of $613.92 and lifting the company's market capitalization to just above $1 trillion. The move continued a five‑day winning streak that has delivered roughly a 24% gain.
For the second quarter, AMD reported revenue of $11.54 billion, a 50% increase from $7.69 billion a year earlier, with artificial‑intelligence chips cited as a key driver. The Data Center unit posted sales of $6.7 billion, up 107% year over year.
The chipmaker's stock is up more than 180% for the year, though it remains far behind AI‑chip leader Nvidia, whose market cap is about $5.4 trillion.
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