(Bloomberg) -- Advanced Micro Devices Inc. shares jumped Monday, putting the company on track to close above $1 trillion in market value for the first time amid renewed optimism for chipmakers necessary to power artificial intelligence. Most Read from Bloomberg Qatar Energy Chief Says Bessent 'Wrong' About Hormuz Future AI Risk Is Everywhere and It's Making Billion Dollar Funds Nervous US and China Hail Talks as Positive Ahead of Trump-Xi Summit Qatari Premier Says Gulf States Have to Act Together on Iran Paramount to Settle Lawsuits, Paving Way for Warner Bros. The stock gained as much as 10% to hit a record high and is on course to join fellow chipmakers Micron Technology Inc, Broadcom Inc., Taiwan Semiconductor Manufacturing Company Ltd.
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