AMD Surges to Record $558 as Market Cap Tops $900 Billion

AMD shares jumped 7% to an intraday record near $558 on June 15, lifting market cap above $900 billion in a broad chip-stock rally. The surge follows a string of AI-driven milestones beginning with the May production ramp of sixth-generation EPYC Venice CPUs on TSMC’s 2nm process and $10 billion in Taiwan packaging investments. AMD doubled its 2030 CPU TAM to $120 billion on agentic AI demand, reported Q1 Data Center revenue of $5.8 billion up 57% YoY, and saw Citi lift its target to $575 Buy on June 12, with the stock more than doubling year-to-date.