AMD reaches $1 trillion market cap for the first time
AMD has achieved a market capitalization of $1 trillion for the first time, driven by strong performance in its AI products and business. Shack News reported this milestone on September 21, noting the company's stock has seen a positive streak, placing it among other tech giants like NVIDIA, SK Hynix, and Micron, despite a softer PC market.
PC Gamer followed up on September 22, confirming the $1 trillion market cap and attributing it to significant revenue growth in AMD's Data Center business, which includes AI chips. PC Gamer also reported that AMD's stock has seen a 180% increase this year, with CEO Lisa Su projecting further growth in the AI sector. However, AMD's valuation remains considerably lower than its rival Nvidia.
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AMD's market cap just blasted through the $1 trillion barrier
AMD's market capitalization surpassed $1 trillion, driven by significant revenue growth in its Data Center business, which includes AI chips. The company's stock has seen a 180% increase this year, with CEO Lisa Su projecting further growth in the AI sector. Despite this milestone, AMD's valuation remains considerably lower than its rival Nvidia.
AMD hits $1 trillion market cap for first time
AMD has achieved a market capitalization of $1 trillion for the first time, driven by strong performance in its AI products and business, despite a softer PC market. The company's stock has seen a positive streak, placing it among other tech giants like NVIDIA, SK Hynix, and Micron.
