AMD Hits Record $281.05 High, Adds $101B Market Cap in 13-Day Rally
AMD’s shares rose for 13 consecutive trading days, its longest winning streak since May 2005, culminating in a record intraday high of $281.05. During this rally, the company added over $101 billion in market capitalization as the broader Nasdaq Composite advanced through six individual gains of 1% or more.
1. Extended Winning Streak and Record High
AMD shares climbed for 13 straight trading days, marking the company’s longest positive run since May 2005. This streak propelled AMD to an intraday peak of $281.05, surpassing prior highs and reflecting strong investor sentiment during the Nasdaq’s historic rally.
2. Market Capitalization Surge
Over the course of this rally, AMD’s market cap increased by more than $101 billion. This substantial gain underscores the stock’s leadership role in the semiconductor sector, driven by sustained demand for its processors and graphics solutions.