TradingKey – As of the close on September 21 Eastern Time, AMD (AMD) surged 9.95% to close at $615.52, reaching an intraday high of $616.69, setting a new all-time high and pushing the company’s market capitalization past $1 trillion for the first time. Over the past week, AMD gained about 25%, with its year-to-date gain approaching 190%, significantly outperforming the Nasdaq Index.
From a fundamental perspective, the core driver behind AMD’s sharp stock rally is the rapid surge in popularity of Meta’s (META) newly launched AI Agent, Muse. Muse has topped the US App Store free app chart for several consecutive days, and its continuous-online, multitasking execution mode has reinforced market expectations of rapidly growing demand for AI…
