(RTTNews) - Advanced Micro Devices (AMD) surpassed a $1 trillion market capitalization for the first time on Monday, as investors continued to bet on the chipmaker's growing role in artificial intelligence computing. AMD shares rose 9.6 percent to $613.31, reaching a record high and making the company the fourth U.S. chipmaker to cross the $1 trillion valuation mark, after Nvidia, Broadcom and Micron. The milestone follows a sharp rally in AMD shares, which have gained about 185 percent in 2026. The company has expanded beyond individual AI chips to offer complete computing systems combining processors, networking equipment and related hardware, increasing competition with Nvidia.
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