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AMD hits $1 trillion market cap: Here’s a look at other chip firms in this club

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AMD hits $1 trillion market cap: Here’s a look at other chip firms in this club

Business News Tech AI AMD hits $1 trillion market cap: Here’s a look at other chip firms in this club

AMD hits $1 trillion market cap: Here’s a look at other chip firms in this club

AMD has joined the $1 trillion market-cap club, becoming the fourth US chipmaker to reach the milestone after Nvidia, Broadcom and Micron. The AI boom has pushed up valuations across the semiconductor industry, with several companies crossing the $1 trillion mark this year alone.

Advanced Micro Devices (AMD), a US based semiconductor company, has joined the $1 trillion club as investors continue to bet heavily on artificial intelligence (AI).AMD’s market value touched $1 trillion for the first time on September 21 after its shares jumped nearly 10% to a record high. The company is the fourth US chipmaker to reach the milestone, after Nvidia, Broadcom, and Micron.But what exactly does a $1 trillion market cap mean and

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