AMD Joins the $1 Trillion Market Cap Club

AMD's market capitalization surpassed $1 trillion for the first time on Monday.

The Nasdaq Composite outperformed the other major indexes, driven by strong tech stock gains.

Advanced Micro Devices joined the $1 trillion market-cap club Monday as its stock soared.

Shares of AMD (AMD) finished up about 10% to over $615. That, based on the more than 1.6 billion shares outstanding reported in its most recent quarterly regulatory filing, from August, had the company's market capitalization above $1 trillion for the first time. The list is still topped by Nvidia (NVDA) at more than $5 trillion. The move came on a good day for tech shares to start the week. The Nasdaq Composite ended the day up more than 2%, easily outperforming the S&P 500 and Dow Industrials, which also rose. Read Investopedia's full coverage of today's trading here .

Several other tech stocks posted big moves into the green Monday. Intel (INTC) rose about 12%, while Meta Platforms (META) added about 11% and Marvell Technology (MRVL) was up more than 5%. The Roundhill Memory ETF (DRAM) was up more than 3%, while its Magnificent 7 ETF (MAGS) rose by over 2%.

Chipmaker AMD has been a big beneficiary of the AI buildout. In early August the company said its latest quarterly results beat Street estimates . The shares are up almost 290% this year.

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