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AMD announced it is acquiring AI startup World Labs and bringing on AI pioneer Fei-Fei Li as chief scientist, a move seen as a significant bet on the next phase of AI development. Separately, AMD's stock briefly pushed the company into the $1 trillion market capitalization club, cementing its position among the largest chipmakers. CNBC's Jim Cramer said AMD's rally isn't over, citing expectations that the rise of agentic AI will drive strong demand for the company's high-end CPUs. The combination of the acquisition and the market cap milestone reflects growing investor confidence in AMD's competitive positioning against Nvidia in the AI chip race.