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Advanced Micro Devices briefly surpassed $1 trillion in market capitalization for the first time on Monday, as chipmakers rallied on investor bets about expanding AI computing demand. AMD shares were last up 9% at $610 after surging to an all-time high.
AMD rose over 9% in morning trading Monday, briefly pushing the stock above the $1 trillion market-capitalization level amid a broad semiconductor rally.
Advanced Micro Devices Inc. shares surged past $1 trillion in market capitalization for the first time on Monday, driven by investor optimism over its role in artificial intelligence computing. Its shares were up 9.6% at $613.50, reaching a record high.
AMD briefly surpassed $1 trillion in market capitalization for the first time on Monday, as investors bet on its expanding role in AI computing; shares were last up 9% at $610 after surging earlier.