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AMD surpasses one trillion dollars
The value of AMD rose to over one trillion dollars for the first time, after its stock increased by 9% to reach a record level of $613.92. This came with the company's announcement of strong financial results for the second quarter, where it achieved revenues of $11.54 billion, a 50% increase compared to the previous year, and data center sales surged by 107%, with expectations to double its sales by 2027. Despite this progress, the company still lags behind NVIDIA, which is valued at approximately $5.4 trillion, amid ongoing international interest in developments within the semiconductor and artificial intelligence industries.
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