Advanced Micro Devices (NASDAQ:AMD) shares rose by 10% on Monday to a new all-time high of more than $615. This pushed the chipmaker's market cap above $1 trillion for the first time ever. The stock is now up by more than 180% year-to-date, and that's on top of an already impressive performance in 2025. It's historically been a mistake to bet against AMD, at least since Lisa Su became CEO. The company was thought of as a distant also-ran to Intel (NASDAQ:INTC) a decade ago. And it was thought of as a very distant second in the AI chip race to Nvidia (NASDAQ:NVDA) until very recently. But the company has shown that it's a legitimate player and serious competitor to both industry giants. Missed AI's "Act 1"? Act 2 Could Be 15x Bigger.
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