AMD Briefly Tops $1 Trillion as Meta's Muse Spurs 30% September Stock Surge
Updated
Updated · CNBC · Sep 28
AMD Briefly Tops $1 Trillion as Meta's Muse Spurs 30% September Stock Surge
3 articles · Updated · CNBC · Sep 28
Summary
AMD briefly crossed a $1 trillion market value last week after rallying nearly 13%, though the stock slipped back below that mark on Monday.
Meta's Muse launch and the broader rise of agentic AI helped drive the surge, as investors bet AI agents will sharply increase demand for CPUs used in inference.
AMD has gained almost 30% in September alone, extending a turnaround under CEO Lisa Su that has lifted the stock more than 18,000% since she took over in 2014.
That rebound has been powered by CPU share gains and a growing AI GPU business, with major commitments already secured from Meta and OpenAI even as Nvidia remains the market leader.
Cramer said the run leaves AMD exposed to pullbacks, but argued the long-term AI opportunity remains intact as the chip market expands beyond a single winner.