AMD Hits Record High, Up 4% on June 3 as Agentic AI Fuels Growth

According to Morgan Stanley, AMD shares reached a record high on June 3, rising 4% to close at $542.52, with market cap approaching $884.6 billion. The semiconductor giant is now a leading candidate to become the next trillion-dollar company following Nvidia.

Morgan Stanley analysts noted that agentic AI workloads require substantial inference and coordination computing, reducing reliance on GPUs while elevating CPU importance. AMD's EPYC server processor line positions the company to gain significant cloud market share from enterprise AI deployment. The stock has surged 153% year-to-date.