THE CRUNCH
AMD has officially joined the trillion-dollar club, with its market cap surpassing $1 trillion for the first time. The rally was driven by a sharp rise in share price over the past week, with shares jumping around 9% on Monday alone. AMD joins a small group of companies valued at over $1 trillion, including Nvidia, Broadcom, and SK hynix, while surpassing rival Intel, which sits at around $648 billion.
AMD's share price hit a session high of $615.98, up from around $560 on Friday, as capital markets poured trust into its product portfolio. The company's EPYC server CPUs and Instinct AI accelerators are driving demand, with customers purchasing millions of the latest 2 nm 'Venice' chips and rack-scale 'Helios' solutions. This surge in confidence has propelled AMD to become the world's 16th most valuable company by market cap.
While AMD has beaten Intel to the milestone, Nvidia remains the dominant force in the AI accelerator market, with a market cap of around $5.4 trillion. AMD's unique positioning comes from its CPUs, which have become a focal point of agentic AI data centres over the past year. The stock's volatility is expected to stabilise as the market digests the milestone, though brief dips below $1 trillion have already occurred.
The milestone comes shortly after AMD released detailed benchmarks for its EPYC 'Venice' server chips, claiming a 256-core model is 2.37 times faster than Nvidia's 88-core Vera in SPEC CPU 2026's Integer Rate test. This performance positioning, combined with strong product sales, has likely contributed to the surge in investor confidence. The company's ability to leverage its CPU strengths in the AI data centre space has been a key factor in its recent success.