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Tech News
Advanced Micro Devices' stock climbed enough to push its market valuation above $1 trillion, according to reporting on the milestone. The chipmaker joins a small group of companies including Nvidia, SpaceX, and Meta that have reached the trillion-dollar threshold.
AMD's stock surged roughly 9% on Monday morning, pushing its market capitalization above $1 trillion for the first time. The rally capped a month-long climb of about 29% in AMD shares, with most of that gain coming in the past week alone. The milestone puts AMD ahead of rival Intel, whose market cap sits near $648 billion.
AMD has crossed a $1 trillion market valuation, becoming the fourth US chipmaker to hit that milestone after Nvidia, Broadcom and Micron. Its stock has nearly tripled in 2026, rising from around $223 in January to over $607 currently, fueled by strong AI-driven demand. Intel, despite a 208% year-to-date share gain, remains far behind with a market cap of about $643.5 billion.
Advanced Micro Devices stock hit a record intraday high of $613.92 on Monday, pushing the company's market valuation above $1 trillion for the first time. The gain extends a five-day rally in which AMD shares climbed roughly 24%, and the stock is now up more than 180% for the year.
Pulley, a cap table management platform founded by Yin Wu in 2020, is ceasing operations on December 8. The company has arranged to transfer its customers to competitor Carta and is directing new prospects there as well, despite the two firms having been rivals in the space.
Nike will be removed from the S&P 100 index on September 21, ending an 18-year run, as its market capitalization has fallen from a 2021 peak of $264 billion to about $57 billion today. The sportswear giant remains in the broader S&P 500, but its removal from the top-100 index reflects a sustained decline, including a 36% drop in market cap in 2026 alone. Honeywell Aerospace, Simon Property Group and Colgate-Palmolive are also exiting the index the same day, replaced by tech firms like Dell, Palo Alto Networks, Arista Networks and Sandisk.