AMD becomes latest chipmaker to reach $1 trillion valuation on AI demand

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AdvertisementAdvertisementBusinessThe AMD logo, on display at HPE Discover Las Vegas 2026, in Las Vegas, Nevada, U.S., June 16, 2026. REUTERS/Caroline BrehmanVisitors arrive at Advanced Micro Devices (AMD) kiosk during the Semicon India 2026, an annual semiconductor conference, in New Delhi, India, September 17, 2026. REUTERS/Bhawika ChhabraDemo units of GPU chips and processors built by AMD are displayed at its kiosk during Semicon India 2026, an annual semiconductor conference, in New Delhi, India, September 18, 2026. REUTERS/Bhawika Chhabra21 Sep 2026 10:20PM Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST Sept 21 : Advanced Micro Devices soared past $1 trillion in market capitalization for the first time on Monday, joining a small group of chipmakers to reach the milestone, as investors bet on its expanding role in artificial intelligence computing.Its shares were last up 9.6 per cent at $613.50, hitting a record high.Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST