Advanced Micro Devices (NASDAQ: AMD) extended its already impressive 2026 gains with a powerful Monday morning upsurge, to a total 172.84% year-to-date (YTD) rally to $609.71: a new all-time high (ATH).
Overall, the latest move means that $1,000 invested in AMD shares at the January 2 – the first regular session of the year – closing price of $473.25 would have appreciated to $2,728.40 by press time on September 21.
The large move appears to have been driven by a supply chain report indicating the blue-chip chipmaker is raising prices by 10%.
Elsewhere, the semiconductor giant’s latest moves came as part of something of an upward sweep among hardware firms.
AMD and Intel stock leads Monday morning rally, Nvidia lags behind
Notably, Intel (NASDAQ: INTC) – one of the few stocks that has actually been outperforming AMD in 2026 – also opened roughly 11% higher, seemingly driven by the popularity of Meta Platforms’ (NASDAQ: META) latest Muse artificial intelligence (AI) model.
Indeed, META shares themselves also saw an emphatically green morning with a 6.86% move and climbed back above $700.
Nvidia (NASDAQ: NVDA), meanwhile, continued its relative underperformance and rallied less than 1% in the first hour of the Monday session.
Lastly, the September 21 rally represents a continuation of a climb evident throughout last week’s trading.
After AMD stock slid 4.40% between Friday, September 11, and September 14, its fortunes reversed with a 13.46% rise that extended to 23% by Monday morning.
Is AMD stock at risk of bearish reversal before the end of 2026?
Still, long-term recovery appears somewhat uncertain. Semiconductor companies have been benefiting from the demand driven by the AI boom, as most starkly evidenced by Nvidia’s rise from a $364 billion market capitalization at the end of 2022 to above $5 trillion in 2026.
The latest development in the industry, however, came in the form of widespread calls for a slowdown due to supposed extinction risks coming from the technology.
Though it, at press time, remains somewhat unclear whether the warnings are genuine or a marketing ploy, their potential impact can be gleaned from CEO Jensen Huang’s recent remarks.
Specifically, the chief executive of Nvidia joined President Donald Trump in dismissing the concerns, saying there is a 0% chance of it causing an extinction event by 2030.
Featured image via Shutterstock
