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AMD joins $1 trillion valuation club as AI-driven data centre demand jumps
US chipmaker AMD has joined the $1 trillion valuation club as investors buy into stocks tied to heavy artificial intelligence spending. At around 5:10 p.m. CEST on Monday, the company’s shares were up 9.4% at $612, extending a week-long rally that added about $200 billion to its market value. Second-quarter revenue rose 50% year on year to $11.5 billion as data centre revenue more than doubled. AMD said it expects data centre sales to accelerate in the second half of 2026.
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