AMD has overtaken Intel in terms of market capitalization for the first time in history. At the close of the market on February 15, AMD had a market cap of around 197.75 billion while Intel’s market cap was around $197.24 billion. AMD’s market cap saw a sudden surge after it completed the $49 billion acquisition of Xilinx. It was also the largest semiconductor acquisition in history.
This acquisition triggered the conversion of 248.38 million Xilinx shares into 428 million new AMD shares. It added 1.2 billion new AMD shares making the overall share count 1.628 billion and giving AMD a market cap of $197.75 billion.
Even if AMD has surpassed Intel in market cap, Intel is still a bigger company with close to 75% of the overall x86 market share. Intel also makes more revenue and profit per year than AMD. AMD designs chips and outsources production, but Intel makes its own chips.
AMD’s growing valuation shows optimism about AMD’s growth and future.
