AMD Storms Into $1 Trillion Club as Chip Stocks Charge Higher

This article first appeared on GuruFocus. Advanced Micro Devices (AMD) climbed more than 8% on Monday, lifting the chipmaker's market value above $1 trillion for the first time and extending a rally that has been fueled by investor demand for artificial intelligence-related stocks. The move made AMD the fourth U.S. semiconductor company to surpass the trillion-dollar threshold, joining Nvidia (NVDA), Broadcom (AVGO) and Micron Technology (MU). Shares traded above $610 during the session, setting a record high. Warning! GuruFocus has detected 6 Warning Signs with AMD. Is AMD fairly valued? Test your thesis with our free DCF calculator.AMD GF Value chart The advance was part of a broader gain across chipmakers.