Strong AI Chip Demand Drives AMD and Intel Market Values to Record Highs

Agentic AI can independently break down and execute tasks, requiring more computing power than traditional applications. That has prompted cloud providers and companies to increase spending on data-center CPUs and GPUs. AMD and Intel have benefited from a recovery in server-chip demand, while NVIDIA and Arm have also gained as investment in AI infrastructure expands. The moves suggest investor interest is spreading beyond the leading GPU supplier to the broader chip supply chain.

On April 16, 2026, AMD’s market capitalization climbed to a record $454 billion as its shares touched an all-time high of $278. Intel’s market value approached $340 billion, while its stock tested $68, a 25-year high. Intel rose a further 23.6% to $82.55 on April 24, lifting the value of NVIDIA’s stake to $17.7 billion and generating a paper profit of $12.7 billion.