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Euronews

AMD joins $1 trillion valuation club as AI-driven data centre demand jumps

AI Market Summary
AMD's jump into the $1tn valuation club on strong AI-driven results reinforces the market's AI capex narrative. Q2 revenue rose 50% to $11.5bn, with data-centre sales more than doubling, and management guided for faster data-centre growth in 2H26. The move can tighten relative positioning across semiconductors, supporting broader risk appetite toward AI-linked equities.
Impact level
● High
Affected assets
NCSKAMD2USD/USDT+1.79%
AI Insight · NCSKAMD2USD/USDTAI Insight
▲ Bullish
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US chipmaker AMD has joined the $1 trillion valuation club as investors buy into stocks tied to heavy artificial intelligence spending. At around 5:10 p.m. CEST on Monday, the company’s shares were up 9.4% at $612, extending a week-long rally that added about $200 billion to its market value. Second-quarter revenue rose 50% year on year to $11.5 billion as data centre revenue more than doubled. AMD said it expects data centre sales to accelerate in the second half of 2026.
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