AMD hits $1 trillion market cap on AI chip rally

Advanced Micro Devices (NASDAQ: AMD) soared past a $1 trillion market capitalization for the first time on Monday as shares hit a record intraday high near $614, with investors piling back into AI semiconductors after a recent cool-down while AMD remains far behind Nvidia’s roughly $5 trillion valuation.

FINANCE desk — a second-tier AI chip name joining the trillion-dollar club shows markets still treat AI silicon as the core growth bet, even while labs argue about slowing the frontier.

Shares last reported up about 9–9.6% near $613, with an intraday high of about $613.92. Reuters via The Star had AMD last up 9.6% at $613.31, a record high. CNBC had the stock up about 9% and named the $613.92 intraday high as the print that pushed the company’s value just above $1 trillion. File those last-reported ranges as Reuters’ and CNBC’s. Do not invent a share count, a float, or a closing print. This desk did not sit on the tape.

AMD became the fourth U.S. chipmaker to top a $1 trillion valuation, after Nvidia, Broadcom, and Micron, Reuters said. File that fourth-after-Nvidia-Broadcom-Micron line as Reuters’. This desk is not ranking a global list beyond those named names.

Nvidia remains vastly larger. Reuters said Nvidia crossed $1 trillion in 2023 and is now the world’s most valuable company, worth more than $5 trillion. CNBC put Nvidia at about $5.4 trillion. File that ~$5–5.4 trillion range as those outlets’. Do not claim AMD overtook Nvidia. It did not.

The move landed in a broader chip rally. Reuters via The Star said Intel jumped about 11.8%, Qualcomm rose 4.5%, and a broader chips index gained 2.7% to an over one-month high. An earlier Reuters carry had Intel up around 11%, Qualcomm up 4.1%, and the chips index up 2.6%. File those mid-single-digit / about-11-to-12% / chips-index-higher lines as Reuters’. This desk did not invent a ticker table.

Context, still Reuters: enthusiasm for chipmakers had cooled in recent months as markets scrutinized AI spending by hyperscalers — the big cloud companies that buy the chips — plus higher oil prices linked to the U.S.–Iran conflict and expectations of higher-for-longer interest rates. Thomas Hayes, chairman at Great Hill Capital in New York, told Reuters: “Money is moving back into the AI trade.” He said investors now see AI as the area that can work in a Federal Reserve-induced slowdown, and that “AMD is representative of that.” File the cool-down / oil / rates backdrop and those Hayes lines as Reuters’. This desk is not writing a forecast.

CNBC noted a five-day winning streak, with shares up about 24% over that stretch, and said the stock is up more than 180% this year. File those streak / year-to-date lines as CNBC’s color — not as a forecast and not as a close this desk printed. Extra CNBC earnings color — second-quarter revenue, data-center sales, Lisa Su and Jensen Huang “double” comments — stays in Sources.

Do not invent product SKUs, GPU share percentages, a share count, or a float. Do not give investment advice or a price target. Do not claim AMD overtook Nvidia. A finished session would show a closing price and a closing market cap. This filing is the same-day last-reported / intraday-high milestone.

Plain English for the rest of the card: market cap / market capitalization = the total value of all shares. NASDAQ: AMD = AMD’s U.S. stock ticker. chipmaker = a company that designs or makes semiconductors, the chips inside computers and AI servers. hyperscaler = a giant cloud company that buys those chips in bulk. chips index = a basket of semiconductor stocks, as Reuters used the phrase. intraday high = the highest price during that trading session, not the close. This filing is the $1 trillion print. It is not an AMD product launch and not a claim AMD passed Nvidia.

CONFIRMED here: Reuters’ 21 Sep 2026 Bengaluru dispatch — Tier B wire, via The Star syndication, not an AMD newsroom PRIMARY — plus CNBC’s same-day ~10:47 AM ET market note. INDEPENDENT: two same-day originating newsrooms on a market-data milestone. The first-time $1 trillion print, the about-9–9.6% / near-$613 last-reported range, the about-$613.92 intraday high, the fourth-U.S.-chipmaker-after-Nvidia-Broadcom-Micron line, Nvidia still at about $5–5.4 trillion, the Intel / Qualcomm / chips-index rally, the hyperscaler-spend / oil / rates cool-down, and the Hayes “money is moving back into the AI trade” line are Reuters- and CNBC-attributed. NOT claimed: a share count, a float, a closing print, a product SKU, a GPU share percentage, that AMD overtook Nvidia, that this desk sat on the tape, a stock tip, or investment advice. Distinct from the already-filed softbank-openai-bonds, cxmt-g5-dram-mass-production, big-tech-ai-300bn-guarantees, and ai-slowdown-chip-stocks-bloomberg.