AMD overtakes Intel's market cap for the first time thanks to the recent Xilinx merger

AMD is enjoying a bullish future outlook now that the Xilinx merger has been completed successfully, and, as a bonus, the combined companies at the moment command a market capitalization that is slightly larger than that of Intel’s. At market close on February 15, AMD’s market cap surged to US$197.75 billion, around US$51 million more than Intel’s market cap. Quite close in macroeconomic terms, but another win for AMD nonetheless.

The total number of AMD shares is now 1.628 billion, of which 428 million were just added through the Xilinx merger. As a bullish reaction to the finalized acquisition deal, AMD’s shares climbed to $121.47 before market close, but this figure is still quite a bit below the all-time-high of $161 recorded in December 2022. Meanwhile, Intel’s shares are valued at $48.44 and Nvidia is reigning supreme with a total market cap of US$662.38 billion despite its minor setback with the canceled ARM acquisition.

In just under 6 years, AMD managed to turn things around drastically from imminent bankruptcy. The Zen architecture really brought back Team Red on track, allowing it to chip away at Intel’s share in a few important markets. Although the profits are still not anywhere near those from Intel or Nvidia, AMD still managed to complete the biggest semiconductor deal to date with the Xilinx merger for more than US$40 billion.

On the other hand, Intel is making a comeback on the desktop / laptop markets and is still way ahead when it comes to YoY revenue / profit and total assets, plus it’s now considering buying Tower Semiconductor for US$5.4 billion. Not to mention that Intel is ready for its grand return to the discrete GPU market with the ARC Alchemist models this spring. Let us not forget that Intel also has its own fabs and is already expanding the capacity with the US$20 billion investment in the new Ohio megacomplex.

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