AMD shares hit record high as CEO suzhou claims strong AI chip demand

On October 6, 2026, AMD's stock price surged to a record high of $649.88, marking a 3% increase at the opening, with a market capitalization of $1.06 trillion. The stock later dipped slightly to $646.48, a 2% rise. CEO Dr. Lisa Su stated that demand for computing in 2026 remains significantly higher than supply, despite AMD's ongoing capacity expansion. She emphasized that the company is working to increase supply, with a major expansion planned for 2027. Earlier in September, AMD's stock rose by 30%, pushing its total market value past $1 trillion. On September 28, AMD announced an $8.2 billion acquisition of AI startup World Labs to bolster its technological capabilities. Additionally, Dr. Su visited Taiwan, meeting with supply chain partners and customers, including Foxconn's Liu Yangwei and TSMC, and switched to a private jet brand aligned with NVIDIA's CEO, Jensen Huang. The company's recent performance highlights its strong position in the AI chip market, with continued investment in both production and strategic acquisitions to meet rising demand.