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AMD value exceeds one trillion
AMD surged to an all-time high, with its market value surpassing one trillion dollars for the first time, after its stock price rose by 9% to $613.92. This increase came amid record-breaking performance in the second-quarter results, where the company achieved revenues of $11.54 billion, a 50% increase compared to the same period last year. Artificial intelligence chips were the main driver of this growth. Additionally, sales of the data center unit increased by 107% year-over-year, and the company's forecasts indicate that data center sales will double by 2027. The competition with Nvidia continues, which is estimated to have a market value of around $5.4 trillion.
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