GoKawiilJim Cramer: AMD's rally has more room after brief $1 trillion valuation
AMD stock rose nearly 13% last week and briefly topped a $1 trillion market cap before falling back below that level on Monday, with shares up almost 30% in September. CNBC's Jim Cramer attributed the surge partly to Meta's launch of its Muse AI agent platform, saying rising demand for AI agents should boost CPU sales, a market he says AMD leads.
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Cramer's commentary frames AMD's growth around a shift in AI spending from model training toward inference and agentic AI, which he argues requires more CPUs and could extend the company's rally. His framing also suggests the AI chip market is large enough for AMD to grow alongside Nvidia rather than merely competing for a fixed share, though this remains his interpretation rather than confirmed market data.
- AMD briefly crossed a $1 trillion market cap before slipping back below it on Monday.
- AMD shares are up nearly 30% this month, partly linked to Meta's Muse AI agent launch.
- Cramer says AMD's CPU leadership and growing GPU business position it well amid rising AI agent demand.
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Published there as: “AMD briefly joined the $1 trillion club. Cramer says its monster run isn’t over”
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