Advanced Micro Devices stock briefly crossed a $1 trillion market value for the first time on Monday after shares surged as much as 9% to an all-time high of $613.92.
AMD became the fourth US chipmaker to reach the $1 trillion valuation threshold, following Nvidia, Broadcom, and Micron in the competitive AI computing market.
The historic stock rally reflects surging investor confidence in AMD's expanding role in supplying graphics processing units and complete computing systems to counter Nvidia's dominance.