AMD passes JPMorgan in market cap again as AI chip rally rolls on

The chipmaker's valuation has edged past America's biggest bank by market value once more, a sign of where investors think growth lives Advanced Micro Devices is once again worth more than JPMorgan Chase . As of November 11, 2026, AMD carried a market capitalization of between $918 and $925 billion, compared with approximately $912 billion for the banking giant. The word “again” matters here. This is not the first time AMD has leapfrogged JPMorgan, and the two have traded places as AMD’s valuation has swung through a volatile year. The gap between the two companies is narrow. On the high end of AMD’s range, the chipmaker leads by roughly $13 billion. On the low end, the lead is closer to $6 billion.

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