$AMD crossing the $1T mark is a major signal for the AI trade. What stands out is that the move isn’t limited to one company, with $NVDA, $INTC and $ARM also gaining as semiconductor stocks broadly rally. That suggests investors are looking beyond Nvidia and increasingly. pricing in demand across the wider AI infrastructure stack. If this trend continues, the next phase of the AI cycle could be defined by broader participation across chipmakers rather than a single leader.