AMD is the latest tech company to hit a $1 trillion market cap. Here’s why

Yesterday, Advanced Micro Devices, Inc. (Nasdaq: AMD) became the latest member of one of the world’s most exclusive clubs: companies worth $1 trillion or more. AMD crossed the threshold after a remarkable run in the stock market recently, with the company’s stock price surging 30% in the last 30 days. Here’s what you need to know. Why did AMD surge yesterday? Yesterday, AMD’s stock price rose nearly 10%, closing the day at $615.52. That move boosted the company’s market cap to a level...