GoKawiil
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.
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.