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AMD Hits $1T Cap as AI Rally Lifts Markets; Wolfspeed Surges 7.8%

By Stocks Desk · · Updated 2026-09-21 17:37 UTC
A silicon wafer resting on a cleanroom surface
Illustration: Tradingbird

AMD has officially joined the $1 trillion club, capping a massive rally that sees it become the fourth US chipmaker to hit the milestone. The move is part of a wider AI-driven surge where peers like Intel are also posting double-digit gains, as markets bet on the sector's resilience against economic headwinds.

  • According to KSL News, the broader semiconductor sector is rallying alongside AMD, with Intel jumping 11.8% and Qualcomm gaining 4.5% as investors pivot back toward AI infrastructure. Analysts note that AMD’s shift to selling complete systems and its strong CPU demand in inference servers are key drivers, despite the stock trading at a premium valuation compared to rival Nvidia.

    Source: KSL News

  • AMD crossed the $1 trillion mark amid a broad AI-driven equity rally, while Wolfspeed gained 7.8% and Capri Holdings fell 5.3%.

    Source: Schaeffer's Investment Research
Based on reporting by Schaeffer's Investment Research and KSL News, compiled by the Tradingbird desk.

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