AMD's market cap surges past Intel following acquisition of Xilinx

[Windows Central]

The purchase of Xilinx resulted in hundreds of millions of new shares of AMD stock.

[h=2]What you need to know[/h]

• AMD now has a larger market cap than Intel, which is a first in company history.
• The sudden surge in AMD's market cap is a result of the company acquiring Xilinx.
• AMD has a market cap of roughly $197.75 billion, which is $51 million more than that of Intel.

AMD's market cap just surpassed Intel's for the first time ever. At market's close on February 15, 2022, AMD hit a market cap of roughly $197.75 billion compared to Intel's $197.24 billion.

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