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AMD has surpassed a trillion-dollar market value for the first time, driven by a 9.6% rise in its share price to over $613, and achieving gains of more than 180% since the beginning of the year. This milestone is supported by increasing demand for its chips in the artificial intelligence market, making the company the third American firm after Nvidia, Broadcom, and Micron to exceed a trillion dollars in market capitalization. AMD's revenue in the second quarter rose by 50% year-over-year to $11.54 billion, with a significant 107% increase in data center sales, and projections to double its sales in this sector by 2027. This strong performance indicates an enhanced role for the company in the processor and AI markets, although its market value remains well below Nvidia's, which exceeds $5 trillion.
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