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International Business Times
International Business Times
Business

AMD Is The Latest Company To Join the $1 Trillion Club. AI Boom Fuels 24% Five-Day Stock Rally.

After a brief surge, AMD's market value briefly climbed above $1 trillion, placing them among the small group of technology companies to reach the milestone. (Credit: CN-STR/AFP via Getty Images)

Advanced Micro Devices crossed the $1 trillion market capitalization threshold for the first time on Monday, marking a historic milestone for the chipmaker as a powerful five-day rally pushed its stock to a record high.

AMD shares surged about 10% on Monday trading, topping $613.92. At that price, the semiconductor company's market value briefly climbed above $1 trillion, placing it among the small group of technology companies to reach the milestone.

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