AMD touches a $1 trillion market value for the first time as investors widen the AI chip trade beyond Nvidia
The chip rally found a second name on Monday, and the tape followed it.
Advanced Micro Devices touched a $1 trillion market value for the first time on Monday, reaching $615.99 a share before settling at $609.65, a gain of more than 8 percent that left it just under the mark at the close. It is the fourth American chip company to reach that level, after Nvidia, Broadcom and Micron. Nvidia itself rose only 2.33 percent in the same session, a modest looking move that still added roughly $128 billion in value. Reported drivers include unusually strong demand for inference-capable CPUs and a TrendForce report that AMD has warned of price increases of about 10 percent on AI accelerators, graphics chips and chipsets from the fourth quarter.
Scripture for Reflection
“Instruct those who are rich in the present age not to be conceited and not to put their hope in the uncertainty of wealth, but in God, who richly provides all things for us to enjoy.”
Numbers like these move fast in both directions, so we can hold our own savings and hopes with an open hand.
