Linux Foundation takes governance of TRACE, an open standard for AI runtime attestation
Photo: igovar igovar / Pexels
The new specification produces cryptographically verifiable records proving AI workloads ran as promised, backed by silicon-level attestation from AMD and Intel hardware.
Advanced Micro Devices Inc. (AMD) price
Full chart and statsLoading chart…
- Last close
- $566
- Close-to-close change
- −2.1%
- Market cap
- $924.7B (shares as of 2026-07-29)
- P/E (trailing)
- 145.2 (EPS to 2026-06-27)
- Annual revenue
- $34.6B USD (FY ended 2025-12-27) 10-K
- Annual revenue growth
- +34.3% (FY ended 2025-12-27 vs FY ended 2024-12-28) 10-K
- Annual net income
- 4,335,000,000 USD (FY ended 2025-12-27, attributable to the company) 10-K
- Annual operating margin
- 10.7% (FY ended 2025-12-27)
- Forward P/E
- Unavailable: no dated forecast source
Gloria daily close for session Oct 29, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.
Advanced Micro Devices Inc. and its peers
| Company | Price | Market cap | P/E (trailing) | Forward P/E | Annual revenue (USD) | Annual revenue growth | Annual net income (USD) | Operating margin |
|---|---|---|---|---|---|---|---|---|
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$566 | $924.7B | 145.2 | Unavailable | $34.6BFY ended 2025-12-27 · 10-K | +34.3%FY ended 2025-12-27 vs 2024-12-28 · 10-K | 4,335,000,000FY ended 2025-12-27, attributable to the company · 10-K | 10.7%FY ended 2025-12-27 |
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$934 | $1.1T | 12.6 | Unavailable | $133.2BFY ended 2026-09-03 · 10-K | +256.3%FY ended 2026-09-03 vs 2025-08-28 · 10-K | 84,969,000,000FY ended 2026-09-03, attributable to the company · 10-K | 74.6%FY ended 2026-09-03 |
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$345 | $1.6T | 44.0 | Unavailable | $63.9BFY ended 2025-11-02 · 10-K | +23.9%FY ended 2025-11-02 vs 2024-11-03 · 10-K | 23,126,000,000FY ended 2025-11-02, consolidated · 10-K | 39.9%FY ended 2025-11-02 |
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$92 | $464.4B | Not meaningfulLoss, diluted EPS −2.09 to 2026-06-27 · SEC filing | Unavailable | $52.9BFY ended 2025-12-27 · 10-K | −0.5%FY ended 2025-12-27 vs 2024-12-28 · 10-K | −267,000,000FY ended 2025-12-27, attributable to the company · 10-K | −4.2%FY ended 2025-12-27 |
Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.
Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Oct 29, 2026, 1:01 PM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.
Token vs underlying stock
Current comparison for AMD. Historical observations may postdate this article.
AMDx token unit vs AMD share · USD
+15.6% over displayed period
● AMDx token┄ AMD stock: $566.42
Source: CoinGecko + Gloria · Retrieved Oct 30, 01:15 UTC
Methodology and data
Split-adjusted regular-session stock closes from the existing Gloria shared history, paired only with an observed token price within 45 minutes of 16:00 New York time. Up to 60 matched sessions. No interpolation or missing-date fill. Weekends and known early closes are omitted. Token units are not adjusted for issuer multipliers or dividend treatment. This compares quoted prices, not fair value, executable premiums or arbitrage returns. Solid line: token. Dashed line: stock. Exact quote times and values appear below. Historical observations. Retrieval refers to the token source. Token quote times use UTC. The fixed cohort shows its oldest member fetch.
| Date (UTC) | Token (USD) | Stock close (USD) | Token quote (UTC) |
|---|---|---|---|
| 2026-08-06 | 489.75 | 489.28 | 2026-08-06 20:00 |
| 2026-08-07 | 483.12 | 483.36 | 2026-08-07 20:00 |
| 2026-08-10 | 470.08 | 469.56 | 2026-08-10 20:00 |
| 2026-08-11 | 469.58 | 474.32 | 2026-08-11 20:00 |
| 2026-08-12 | 486.62 | 482.93 | 2026-08-12 20:00 |
| 2026-08-13 | 483.55 | 483.01 | 2026-08-13 20:00 |
| 2026-08-14 | 513.09 | 514.39 | 2026-08-14 20:00 |
| 2026-08-17 | 505.47 | 506.00 | 2026-08-17 20:00 |
| 2026-08-18 | 482.45 | 484.39 | 2026-08-18 20:00 |
| 2026-08-19 | 466.15 | 466.42 | 2026-08-19 20:00 |
| 2026-08-20 | 467.56 | 469.46 | 2026-08-20 20:00 |
| 2026-08-21 | 473.60 | 473.25 | 2026-08-21 20:00 |
| 2026-08-24 | 457.55 | 456.75 | 2026-08-24 20:00 |
| 2026-08-25 | 479.41 | 479.18 | 2026-08-25 20:00 |
| 2026-08-26 | 480.52 | 480.93 | 2026-08-26 20:00 |
| 2026-08-27 | 474.81 | 476.67 | 2026-08-27 20:00 |
| 2026-08-28 | 465.95 | 465.58 | 2026-08-28 20:00 |
| 2026-08-31 | 470.18 | 470.72 | 2026-08-31 20:00 |
| 2026-09-01 | 459.91 | 459.61 | 2026-09-01 20:00 |
| 2026-09-02 | 459.21 | 457.06 | 2026-09-02 20:00 |
| 2026-09-03 | 444.08 | 456.16 | 2026-09-03 20:00 |
| 2026-09-04 | 476.62 | 477.57 | 2026-09-04 20:00 |
| 2026-09-08 | 500.35 | 505.74 | 2026-09-08 20:00 |
| 2026-09-09 | 519.73 | 521.10 | 2026-09-09 20:00 |
| 2026-09-10 | 503.99 | 503.60 | 2026-09-10 20:00 |
| 2026-09-11 | 514.38 | 516.13 | 2026-09-11 20:00 |
| 2026-09-14 | 481.66 | 493.41 | 2026-09-14 20:00 |
| 2026-09-15 | 504.27 | 504.20 | 2026-09-15 20:00 |
| 2026-09-16 | 512.46 | 512.50 | 2026-09-16 20:00 |
| 2026-09-17 | 545.14 | 545.09 | 2026-09-17 20:00 |
| 2026-09-18 | 557.88 | 559.82 | 2026-09-18 20:00 |
| 2026-09-21 | 615.34 | 615.52 | 2026-09-21 20:00 |
| 2026-09-22 | 622.08 | 623.77 | 2026-09-22 20:00 |
| 2026-09-23 | 613.66 | 614.61 | 2026-09-23 20:00 |
| 2026-09-24 | 629.06 | 629.26 | 2026-09-24 20:00 |
| 2026-09-25 | 630.70 | 630.63 | 2026-09-25 20:00 |
| 2026-09-28 | 607.85 | 607.87 | 2026-09-28 20:00 |
| 2026-09-29 | 607.09 | 607.57 | 2026-09-29 20:00 |
| 2026-09-30 | 611.52 | 611.76 | 2026-09-30 20:00 |
| 2026-10-01 | 616.95 | 615.73 | 2026-10-01 20:00 |
| 2026-10-02 | 633.03 | 633.91 | 2026-10-02 20:00 |
| 2026-10-05 | 630.87 | 631.75 | 2026-10-05 20:00 |
| 2026-10-06 | 648.78 | 649.42 | 2026-10-06 20:00 |
| 2026-10-07 | 645.86 | 645.86 | 2026-10-07 20:00 |
| 2026-10-08 | 620.92 | 620.68 | 2026-10-08 20:00 |
| 2026-10-09 | 607.57 | 608.10 | 2026-10-09 20:00 |
| 2026-10-12 | 593.94 | 594.24 | 2026-10-12 20:00 |
| 2026-10-13 | 605.81 | 605.53 | 2026-10-13 20:00 |
| 2026-10-14 | 571.93 | 570.82 | 2026-10-14 20:00 |
| 2026-10-15 | 562.54 | 562.23 | 2026-10-15 20:00 |
| 2026-10-16 | 530.05 | 528.75 | 2026-10-16 20:00 |
| 2026-10-19 | 538.50 | 538.05 | 2026-10-19 20:00 |
| 2026-10-20 | 534.45 | 534.74 | 2026-10-20 20:00 |
| 2026-10-21 | 553.67 | 552.72 | 2026-10-21 20:00 |
| 2026-10-22 | 508.65 | 507.93 | 2026-10-22 20:00 |
| 2026-10-23 | 515.90 | 516.79 | 2026-10-23 20:00 |
| 2026-10-26 | 531.61 | 531.28 | 2026-10-26 20:00 |
| 2026-10-27 | 560.31 | 560.26 | 2026-10-27 20:00 |
| 2026-10-28 | 578.45 | 578.44 | 2026-10-28 20:00 |
| 2026-10-29 | 565.96 | 566.42 | 2026-10-29 20:00 |
Stock history: Gloria · Retrieved Oct 30, 00:32 UTC. Token history: CoinGecko AMDx.
Quoted token and share units can have different rights, multipliers and dividend treatment. This is not an executable premium or arbitrage signal.
If you’ve ever wondered how to prove that an AI agent actually did what it claimed to do, on the hardware it claimed to use, with the data policies it claimed to follow, you’re asking the right question. The Linux Foundation just announced it will govern an open standard designed to answer it.
TRACE, which stands for Trust, Runtime Attestation and Compliance Evidence, is an open specification that generates hardware-attested, cryptographically verifiable records of AI agent and confidential workload execution. Think of it as a tamper-proof receipt for every AI operation, one that a third party can verify without having to take the operator’s word for anything.
What TRACE actually does
The specification was originally developed by OPAQUE, a confidential computing firm, in collaboration with AMD, Intel, Microsoft, and the Technology Innovation Institute. Rather than building an entirely new framework from scratch, TRACE integrates several established standards including RATS (RFC 9334), EAT (RFC 9711), SLSA, SCITT, SPIFFE, and EAR to ensure interoperability across different cloud platforms and secure computing environments.
The core output is what the project calls “Trust Records.” These documents capture operational details like the runtime environment, the software that was executed, data classifications, and the policies that were enforced. All of it is secured by silicon attestation mechanisms, meaning the verification is rooted in hardware rather than software promises.
In practical terms, TRACE leverages hardware attestation technologies like AMD SEV and Intel TDX. TRACE essentially gives those capabilities a standardized language to speak when it comes to AI workloads.
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The specification was first presented at the Confidential Computing Summit on June 23, 2026. In the roughly ten weeks since, its reference implementation has been downloaded approximately 135,000 times on PyPI, the Python package repository.
Why neutral governance matters here
Jim Zemlin, CEO of the Linux Foundation, emphasized the importance of neutral governance for creating verifiable AI trust records. Ongoing technical development will continue under the Coalition for Secure AI, known as CoSAI.
The backing consortium includes AMD and Intel for hardware attestation roots, Microsoft and its Azure confidential computing stack, and TII, based in the UAE.
The problem TRACE is solving
As organizations deploy increasingly autonomous AI agents to handle sensitive workloads across diverse infrastructure, a fundamental trust problem emerges. How does a regulated bank verify that its AI model ran inside a secure enclave on a specific cloud provider? How does a healthcare company prove to auditors that patient data was processed according to policy? How does any organization demonstrate compliance when the workload ran on someone else’s hardware?
TRACE flips the model. Because the attestation originates from the hardware itself, the resulting Trust Records can be verified by any third party with access to the specification. The cryptographic verification can confirm how something ran without revealing what it processed.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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