AMD Hits $1 Trillion Market Cap as Meta Muse and AI Agents Spark Massive CPU Revival

Advanced Micro Devices crossed the $1 trillion market cap threshold on Tuesday as shares hit a record $649.42, driven by a structural shift toward CPU-heavy AI infrastructure. While generative AI inference heavily relies on GPUs, autonomous tools like Meta's Muse and OpenAI's Dots rely on partitioned CPUs to run long-term background tasks for hours or days. AMD’s data center revenue more than doubled to $6.7B in the June quarter, and now accounts for nearly 60% of the company's total sales. Morgan Stanley estimates that serving Meta's Muse—which quickly surpassed 5 million downloads—could account for 20% of AMD's total chip sales by 2026. Analysts now forecast the global CPU market could reach $118 billion by 2027 as hyperscalers scramble to deploy dedicated agent infrastructure in their server racks. "CPUs are actually performing the workflows while GPUs are doing the thinking." — Daniel Newman