AMD hits $1 trillion on AI demand following Nvidia, Broadcom and Micron

AMD's market cap surpassed $1 trillion, with shares rising 9% to $611.57, driven by AI-driven demand. Other chipmakers like Intel, Micron, and Nvidia also gained. Lower oil prices and Treasury yields supported tech valuations. AMD's milestone highlights its position in AI infrastructure, with future performance tied to data-center revenue and AI adoption.

AMD's market cap surpassed $1 trillion on September 21, 2026, after shares rose 9-10% to $613.92. This milestone, driven by AI chip demand, makes AMD the fourth US chipmaker to reach this valuation, ahead of Intel. AMD shares have gained over 180% in 2026, with CEO Lisa Su targeting doubled data center sales by 2027. Intel's market cap remains in the hundreds of billions, despite a 200% year-to-date gain.

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AMD's market value hit $1 trillion, with shares rising 9.6% to $613.31, driven by AI optimism. Intel, Arm, and the Philadelphia Semiconductor Index also climbed. AMD's growth is part of a broader AI infrastructure cycle beyond Nvidia. South Korean semiconductor exports surged 259% year over year, indicating strong demand.

AMD's market cap surpassed $1 trillion for the first time, driven by a 10% surge in shares to $615.52. The company's data center revenue doubled year-over-year to $6.7 billion, with CEO Lisa Su calling it an 'excellent quarter.' AMD is the fourth U.S. semiconductor firm to reach this milestone, following NVIDIA, Broadcom, and Micron.