AMD Stock Hits Record High, Market Cap Tops $1 Trillion

AMD shares jumped nearly 3% in early trading to $649.88, hitting a record high. Its market value reached $1.06 trillion before the gains cooled to around 2%.

AMD CEO Lisa Su said demand for computing power will be extremely strong in 2026. Even after expanding capacity, demand still far outpaces supply. The company is rushing to boost shipments and plans a major capacity expansion in 2027.

AMD stock climbed about 30% last month, pushing its market value past $1 trillion for the first time. The company also announced an $8.2 billion deal to buy AI startup World Labs to strengthen its technology.