AMD Crosses $1 Valuation Milestone Following Surge in Chip Stocks

AMD shares surged 10% on Monday to reach a record $616, pushing the chipmaker's market capitalisation past $1 trillion for the first time.

The latest rally lifted AMD's year-to-date gains to 184%, making it the fourth US chipmaker to join the trillion-dollar valuation club.

The broader rally was supported by falling US Treasury yields and rising demand for artificial intelligence infrastructure and server processors.