TechnologyAMD briefly reaches a $1 trillion market capitalization
A share-price rally carried the chipmaker over the threshold for the first time before the valuation moved with the stock.
TLDR
AMD briefly crossed $1 trillion in market capitalization for the first time after a sharp share-price rally. Tom’s Hardware reported that the stock moved from around $557 at the prior Friday’s close to about $607 after Monday’s open, before later fluctuations took the valuation back below the threshold. Market capitalization is a price-times-shares snapshot, not revenue or profit. The milestone puts AMD among a small group of chipmakers to reach the mark, while leaving open how durable the rally will be.
AMD briefly reaches a $1 trillion market capitalization
A share-price rally carried the chipmaker over the threshold for the first time before the valuation moved with the stock.
TLDR
AMD briefly crossed $1 trillion in market capitalization for the first time after a sharp share-price rally. Tom’s Hardware reported that the stock moved from around $557 at the prior Friday’s close to about $607 after Monday’s open, before later fluctuations took the valuation back below the threshold. Market capitalization is a price-times-shares snapshot, not revenue or profit. The milestone puts AMD among a small group of chipmakers to reach the mark, while leaving open how durable the rally will be.
