Advanced Micro Devices shares reached a new all-time high on Sept. 21, propelling the semiconductor company into a new valuation tier. The rally pushed the market capitalization past the $1 trillion mark for the first time, with individual stock prices clearing $600 post-split. This growth follows a broader rebound in artificial intelligence chip stocks.

The firm's valuation grew 100 times from $10 billion since 2018, coinciding with the timeline of the F1 Chinese Grand Prix. Capital expenditures rose to $808 million from $389 million to fund EPYC CPUs and Helios accelerators, while AMD forecasts the server CPU market to expand from $26 billion in 2025 to $220 billion by 2030.