"AMD's Meteoric Rise: Surpassing $300 Billion Valuation and Ramping AI Chip Production"

Advanced Micro Devices Inc. (AMD) has reached a market value of over $300 billion for the first time, marking a significant milestone in its impressive rise. The company's stock rose 9% in Thursday afternoon trading, reflecting its growing prominence in the semiconductor industry. AMD's surge is part of a broader trend in the booming chip market, with other semiconductor stocks also experiencing strong gains. This growth is fueled by increasing demand for AI-optimized servers, with companies like Dell reporting strong interest and orders for products featuring AMD's technology.