AMD Hits $1 Trillion as S&P 500 Rises on AI Rally
AMD has officially crossed the $1 trillion market cap threshold, becoming the fourth U.S. semiconductor giant to do so amid a broad AI-driven rally that also lifted Intel and the SOX index. This milestone comes as falling oil prices and yields ease market pressure, with investors closely watching upcoming U.S.-China talks on trade and artificial intelligence.
TradingView reports that AMD's 8% surge pushed shares past $610, marking a new all-time high and cementing its status as the fourth U.S. chipmaker to join the trillion-dollar club alongside Nvidia, Broadcom, and Micron. The broader sector rally was further evidenced by a nearly 12% jump in Intel shares and a rise in the Philadelphia Semiconductor Index, while officials confirmed that formal AI dialogues are underway between Washington and Beijing.
Source: TradingViewAMD market cap reached $1 trillion while Brent crude fell below $100. US 10-year yield dropped under 5% on geopolitical hopes.
Source: The Lufkin Daily News
