US chipmaker AMD has become the latest company to join the $1 trillion (€850bn) valuation club, as investors pile into stocks benefiting from the massive investment boom in artificial intelligence.
At around 5:10 p.m. CEST on Monday, AMD shares were up 9.4% at $612 (€520), extending a surge that has added some $200 billion (€170bn) in valuation to the semiconductor company in a week.
The California-based group, which has announced ventures with both OpenAI and Anthropic, notched a 50% jump in second-quarter revenues over the year-ago level to $11.5 billion (€9.8bn), thanks to a more than doubling of data centre revenue.
In releasing results in early August, AMD said it expects data centre sales to accelerate in the second half of 2026.
Even with the latest surge, AMD's valuation significantly trails rival chip company Nvidia, considered the pace-setter in artificial intelligence.
Nvidia's valuation currently approaches $5.5 trillion (€4.7trn).
