AMD crosses $1 trillion market cap after record rally

$AMD has crossed a $1 trillion market capitalization for the first time after shares surged nearly 10% to a record $615.52.
The stock has gained roughly 185% in 2026 as investors increase their exposure to AMD's expanding position in AI computing. The rally has also substantially narrowed the valuation gap with $NVDA compared with a year ago.
Crossing the trillion-dollar threshold highlights the market's expectations for AMD's AI business, while the scale of the rally leaves execution, growth and valuation increasingly important.