Advanced Micro Devices shares rose by 9–10% on September 21, 2026, pushing the company's market capitalization above $1 trillion for the first time in its 57-year history. The stock reached an intraday peak of approximately $614, marking a 24% increase over a five-day period.
The company reported Q2 2026 revenue of $11.54 billion, representing a 50% year-over-year growth. The data-center division was a primary driver, generating $6.7 billion in revenue during the same quarter, which is a 107% increase compared to the previous year. In Q1 2026, this segment recorded $5.78 billion in sales.
AMD's current strategy focuses on providing full-stack AI solutions, including EPYC server CPUs and Instinct GPUs, to compete with Nvidia. This milestone positions AMD alongside other semiconductor firms such as Broadcom, Micron, and TSMC that have reached a valuation of $1 trillion or more.
The semiconductor sector saw broader gains on September 21, with Intel shares also posting double-digit growth. Market interest was partially driven by the performance of Meta's Muse AI agent app, which reached the top of the Apple App Store rankings, highlighting demand for AI-powered applications.
