AMD Jumps 8% Past $500, Market Cap Hits $821.6 Billion
AMD•AMD•AMD•AMD•AMD shares climbed 8% to close at $503.89 and added 1.2% overnight, pushing its market cap to $821.6 billion—just shy of JPMorgan’s $821.9 billion. CEO Lisa Su revealed AMD’s next-gen Venice CPU is in volume production on TSMC’s 2 nm node and outlined a $10 billion Taiwan investment.
AMD shares rose 8% to close at $503.89 and gained another 1.2% overnight, marking four consecutive days of gains and a 22% rally over the past week.
The rally boosted AMD’s market capitalization to $821.6 billion, putting it within $300 million of JPMorgan’s $821.9 billion valuation and ahead of Intel and Oracle.
The next-generation Venice CPU has begun volume production at TSMC’s 2-nanometer facility, making it the first high-performance computing chip manufactured on the latest node.
CEO Lisa Su outlined a $10 billion expansion strategy in Taiwan, deepening partnerships with TSMC, ASE and SPIL to increase CPU and component capacity.
