In a significant leap for technology, Advanced Micro Devices (AMD) has crossed the $1 trillion market capitalization threshold recently. This landmark moment emphasizes the intensifying AI race among chip makers as the tech scene evolves. Remarkab...
By ET Bureau |
Reuters
US-listed Advanced Micro Devices (AMD) crossed $1 trillion in market capitalisation for the first time on Monday, becoming the latest in a series of chipmakers that have reached the milestone amid a growing AI race.
Out of the 17 companies that are above the mark currently, six reached there in the last four years on the back of this trend. The rest—from Apple’s 2018 iPhone-led debut to this June’s SpaceX IPO—got there for other reasons, ranging from success in e-commerce and oil to obesity drugs.
AMD hits $1 trillion market cap: Here’s a look at other chip firms in this club
