AMD hits $1 trillion market cap for the first time month after CEO Lisa Su announced to double data center sales in 2027

Advanced Micro Devices (AMD) crossed a major milestone, with its market value rising above $1 trillion for the first time as investors continue to bet on the chipmaker’s role in the artificial intelligence boom. AMD shares surged nearly 10% on September 21 and reached a record high of $615.52 during the session. The milestone comes about a month after AMD CEO Lisa Su said the company expected to double its data center sales in 2027. AMD's growing business in AI chips has become a key part of its expansion as demand for computing power continues to rise.AMD shares have gained 25% in five daysAMD is currently on a five-day winning streak, with its shares gaining about 25% during that period. The stock rose about 185% in 2026, according to the information provided. That is far above the roughly 15.8% gain in the tech-heavy Nasdaq over the same period.The rally comes after a strong year for AMD, although the company’s shares fell last month after its second-quarter results, despite revenue and earnings beating expectations. Investors had been expecting an even stronger outlook.AI chips drive AMD's data centre growthAMD's second-quarter revenue reached $11.54 billion, up 50% from $7.69 billion a year earlier. Its Data Center business was a major driver of that growth. Sales in the division reached $6.7 billion, more than double the figure from a year earlier.AMD has also been expanding beyond selling individual chips. The company is increasingly offering complete systems that combine processors, networking equipment and other hardware as it competes with Nvidia in AI computing.Despite its rapid rise, AMD remains much smaller than AI chip leader Nvidia. Nvidia's market value is above $5 trillion. AMD is widely seen as one of Nvidia's closest rivals in graphics processing units used for AI computing.Get the latest technology news and updates. Download the TOI App.