US chipmaker AMD has entered the $1 trillion (€850bn) valuation club, as investors continue to pour capital into stocks riding the wave of a massive artificial intelligence investment boom.
At around 5:10 p.m. CEST on Monday, AMD shares were up 9.4% at $612 (€520), extending a rally that has added approximately $200 billion (€170bn) in market value to the semiconductor firm in just one week.
The California-based group, which has announced partnerships with both OpenAI and Anthropic, reported a 50% increase in second-quarter revenues compared with the same period last year, reaching $11.5 billion (€9.8bn), driven by a more than doubling of data centre revenue.
When releasing its results in early August, AMD indicated that data centre sales are expected to accelerate further in the second half of 2026.
Despite its latest surge, AMD’s valuation remains well below that of rival chipmaker Nvidia, widely regarded as the pace-setter in artificial intelligence.
Nvidia’s valuation currently approaches $5.5 trillion (€4.7trn).