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The Economic Times
The Economic Times

AMD briefly tops $1 trillion market cap as AI push fuels record rally, shares up 9%

AMD Nvidia United States Advanced Micro Devices Intel Corporation Semiconductor

Advanced Micro Devices (AMD) briefly crossed $1 trillion in market capitalisation for the first time on Monday, joining a select group of chipmakers to reach the milestone as investors bet on its growing role in artificial intelligence computing.

AMD shares were last up 9% at $610 after touching a record high of $613.92, briefly lifting the company’s valuation above $1 trillion.

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