Advanced Micro Devices IncAMD crossed the $1 trillion market-cap threshold for the first time as shares surged 9% to a record, extending 2026 gains to ~173%.
Advanced Micro Devices crossed the $1 trillion market-cap threshold for the first time Monday, becoming the fourth U.S. chipmaker to reach that level. AMD shares surged more than 9% to a record $611.57, extending their 2026 gain to roughly 173%. The rally was not limited to AMD: Intel climbed about 12%, Micron gained roughly 3%, and Nvidia advanced around 1.4%, helping push the Philadelphia Semiconductor Index up more than 3%, while the Nasdaq Composite gained about 1.6%. AMD now joins Nvidia, Broadcom and Micron in the trillion-dollar semiconductor club. Macro conditions also helped, with Brent crude falling more than 3% to roughly $100.62 a barrel and the 10-year Treasury yield slipping to 4.96% from 5.01% on Friday. Investors are also looking toward President Donald Trump's September 24 meeting with Chinese President Xi Jinping, and Treasury Secretary Scott Bessent said the U.S. and China had formalized a dialogue around AI and plan to meet again in Shenzhen in two months.
Advanced Micro Devices IncAMD crossed the $1 trillion market-cap threshold for the first time as shares surged 9% to a record, extending 2026 gains to ~173%.
NVIDIA CorporationNvidia advanced around 1.4% as part of the sector rally, with no company-specific news cited.
Broadcom Inc
Intel CorporationIntel climbed about 12% as part of the broad semiconductor rally, with no company-specific development cited.
Micron Technology IncMicron gained roughly 3% amid the sector-wide chip rally and is noted as a fellow trillion-dollar semiconductor club member.