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AMD Briefly Hits $1 Trillion Market Cap, Up 13% as AI Agent Demand Surges
According to CNBC's Jim Cramer, AMD briefly surpassed $1 trillion in market cap on Monday before slipping back below the milestone. The chipmaker rallied nearly 13% last week and has gained almost 30% in September, fueled by Meta's launch of Muse, its personal AI agent platform. Cramer said the growing adoption of AI agents is driving significant demand for CPUs, where AMD "remains the leader." He noted that as investor focus shifted from AI model training to inference and agentics, "demand for
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