AMD shares rose more than 9% on Monday, pushing the semiconductor company’s market capitalization to $1 trillion for the first time. On the same day, Intel shares gained about 12%, while Nvidia shares rose 2.33%.
According to BeInCrypto, rising demand for CPUs in artificial intelligence applications has drawn investor attention toward companies such as AMD and Intel.
Reports have also emerged about AMD’s plans to raise prices on some of its chips. If implemented, the move could affect the company’s revenue, making pricing changes another factor for the market to monitor.
AMD’s move to a $1 trillion market capitalization marks a significant valuation milestone, while investors will continue watching AI-related CPU demand and potential changes to chip pricing.
