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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.
Advanced Micro Devices shares increased to an all-time high of 585.75 USD. Over the past 4 weeks, Advanced Micro Devices gained 24.95%, and in the last 12 months, it increased 257.14%.
The S&P 500 Index made a modest recovery in the last two consecutive days, reaching a high of 7,490, a few points below the all-time high of 7,616. This recovery happened after the Federal Reserve delivered a relatively hawkish interest rate decision. Officials left rates unchanged at 3.50% and 3.75%, with three offici