Advanced Micro Devices Inc. (NASDAQ: AMD) entered the $1 trillion market-capitalization club for the first time on Monday as a broad rally in artificial-intelligence semiconductor stocks lifted the chipmaker to a record high.
AMD shares jumped 9.95% to close at $615.52 on Monday, Sept. 21, after reaching a new 52-week and all-time intraday high of $616.69. The move made AMD the fourth U.S. chipmaker to cross the $1 trillion threshold, following Nvidia, Broadcom, and Micron.
The stock pulled back in early Tuesday trading, changing hands at $608.99 at 05:40 a.m. ET, down 1.06% in premarket trading, according to Yahoo Finance.
Monday’s rally came amid renewed buying in AI infrastructure stocks after Meta Platforms’ Muse AI agent climbed to the top of Apple’s free-app rankings. Bloomberg reported that the development helped lift shares of companies exposed to server CPUs used in agentic-AI workloads, including AMD, Intel and Arm.
Meta’s Muse Lifts CPU-Linked Chip Stocks
AI agents can perform multi-step tasks, coordinate applications, and handle inference workloads, increasing the use of server CPUs alongside accelerators.
Bloomberg cited Jefferies analyst Jacky He as saying broader adoption of AI agents should support server-CPU demand through increased inference, orchestration, and infrastructure workloads. Bloomberg also reported that Meta is AMD’s second-largest customer and accounts for about 5.5% of AMD’s revenue, based on data it compiled.
The move extended across the semiconductor sector. Intel rose 12.14%, and Arm Holdings climbed 17.16% on Monday, while the Philadelphia Semiconductor Index gained about 4.3%. The Nasdaq Composite advanced 2.26% to a record closing high.
AMD Deepens Its Meta AI Infrastructure Relationship
In February, AMD and Meta announced a multi-year agreement covering up to 6 gigawatts of AMD Instinct GPU deployments. Shipments supporting the first gigawatt are scheduled to begin during the second half of 2026 using a custom GPU based on AMD’s MI450 architecture, sixth-generation EPYC “Venice” CPUs, and the company’s Helios rack-scale platform.
The agreement also includes equity-linked terms. AMD issued Meta a warrant covering up to 160 million AMD shares at an exercise price of $0.01 per share, with vesting tied to GPU-purchase milestones and specified AMD stock-price targets. As of June 27, no shares under the warrant had vested or become exercisable.
AMD said in July that the companies are co-engineering AI infrastructure across GPUs, EPYC CPUs, Pensando networking, and ROCm software, with Meta serving as a lead customer for the Venice server processor.
The collaboration also supports AMD’s expansion beyond standalone chips through Helios, its integrated rack-scale AI platform.
Data Center Business Drives Recent Growth
AMD reported second-quarter revenue of $11.5 billion, up 50% year over year, while Data Center revenue climbed 107% to $6.7 billion. The company attributed the increase primarily to demand for EPYC server processors and Instinct MI350-series GPUs.
For the third quarter, AMD expects revenue of approximately $13 billion, plus or minus $300 million, with a non-GAAP gross margin of about 56%.
Reuters reported that AMD was trading at roughly 41 times 12-month forward earnings during Monday’s rally, compared with about 16.3 times for Nvidia. AMD shares had risen about 185% in 2026.
AMDB Tokenized Stock Rises in 24-Hour Trading
Meanwhile, Advanced Micro Devices Tokenized bStocks (AMDB) traded at $607.18 at the same reporting time, up 5.67% over 24 hours, according to CoinMarketCap.
Twenty-four-hour trading volume rose 209% to $11.22 million, while approximately 10,900 AMDB tokens were in circulation, giving the product a market capitalization of roughly $6.62 million.
CoinMarketCap describes AMDB as a tokenized bStock providing economic exposure to AMD shares. The product trades separately from AMD common stock and operates in a market with different liquidity and market capitalization.
Upcoming AMD Updates
AMD’s next quarterly report will provide an update on third-quarter revenue, margins, and Data Center growth. The company’s investor-relations calendar has not yet listed a date for the earnings release.
AMD said in August that Helios was in production, with initial shipments on track to begin in the third quarter and ramp through the fourth quarter and into 2027. OpenAI is expected to begin bringing Helios-based infrastructure online in the fourth quarter of 2026 under its separate agreement with AMD.
Be the first to comment