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Advanced Micro Devices (AMD) has reached a $1 trillion market capitalization, driven by a nearly 200% rise in its stock price this year.
This performance makes AMD the ninth-best-performing stock in the S&P 500, though it remains significantly smaller than its primary competitor, Nvidia, which is valued at $5.5 trillion.
The two companies are competing for market share in the artificial intelligence sector, primarily through graphics processing units (GPUs) and data center infrastructure.
Nvidia established an early lead in 2023 with superior hardware and software ecosystems.
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