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

AMD Ryzen 9 3900X
AMD Ryzen 9 3900X (Image credit: Windows Central)

What you need to know

  • 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.

The sudden jump in AMD's market cap occurred due to the company acquiring Xilinx. The purchase, which closed earlier this week, converts 248.38 million Xilinx shares into 428 million AMD shares. Tom's Hardware notes that the process of converting shares is still ongoing. Following the conversion, there are now 1.628 billion AMD shares. Figures vary a bit between third parties, but as of February 15, 2022, AMD is larger than Intel in terms of market capitalization.

Intel is still a significantly larger company in terms of revenue, but AMD has made strides in closing gaps in several key areas. AMD reached its highest market share ever for CPUs in Q4 2021, 25.6% of all x86 processors. Of course, the inverse of that figure means that Intel still dominates the segment with just under 75% x86 market share.

AMD set revenue records in Q4 2021 and throughout all of last year. The company looks set to continue trending upward in terms of revenue, especially following its $50 billion acquisition of Xilinx.

The future looks bright for both AMD and Intel. AMD seems to hit revenue and market share records every quarter while Intel is investing heavily in its IDM 2.0 strategy.

Sean Endicott
News Writer and apps editor

Sean Endicott brings nearly a decade of experience covering Microsoft and Windows news to Windows Central. He joined our team in 2017 as an app reviewer and now heads up our day-to-day news coverage. If you have a news tip or an app to review, hit him up at