Skip to content
Advertisement
Linux Foundation takes governance of TRACE, an open standard for AI runtime attestation

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 stats

Loading chart…

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 PriceMarket capP/E (trailing)Forward P/EAnnual revenue (USD)Annual revenue growthAnnual net income (USD)Operating margin
Advanced Micro Devices Inc. AMD · Price dated Oct 29, 2026 · tokenized AMDx $566$924.7B145.2Unavailable$34.6BFY ended 2025-12-27 · 10-K+34.3%FY ended 2025-12-27 vs 2024-12-28 · 10-K4,335,000,000FY ended 2025-12-27, attributable to the company · 10-K10.7%FY ended 2025-12-27
Micron Technology Inc. MU · Price dated Oct 29, 2026 · tokenized MUx $934$1.1T12.6Unavailable$133.2BFY ended 2026-09-03 · 10-K+256.3%FY ended 2026-09-03 vs 2025-08-28 · 10-K84,969,000,000FY ended 2026-09-03, attributable to the company · 10-K74.6%FY ended 2026-09-03
Broadcom Inc. AVGO · Price dated Oct 29, 2026 · tokenized AVGOx $345$1.6T44.0Unavailable$63.9BFY ended 2025-11-02 · 10-K+23.9%FY ended 2025-11-02 vs 2024-11-03 · 10-K23,126,000,000FY ended 2025-11-02, consolidated · 10-K39.9%FY ended 2025-11-02
Intel Corporation INTC · Price dated Oct 29, 2026 · tokenized INTCx $92$464.4BNot 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

$565.96Oct 29 UTC

+15.6% over displayed period

● AMDx token┄ AMD stock: $566.42

Aug 6, 2026: token $489.75 at 20:00 UTC; stock close $489.28 Aug 7, 2026: token $483.12 at 20:00 UTC; stock close $483.36 Aug 10, 2026: token $470.08 at 20:00 UTC; stock close $469.56 Aug 11, 2026: token $469.58 at 20:00 UTC; stock close $474.32 Aug 12, 2026: token $486.62 at 20:00 UTC; stock close $482.93 Aug 13, 2026: token $483.55 at 20:00 UTC; stock close $483.01 Aug 14, 2026: token $513.09 at 20:00 UTC; stock close $514.39 Aug 17, 2026: token $505.47 at 20:00 UTC; stock close $506.00 Aug 18, 2026: token $482.45 at 20:00 UTC; stock close $484.39 Aug 19, 2026: token $466.15 at 20:00 UTC; stock close $466.42 Aug 20, 2026: token $467.56 at 20:00 UTC; stock close $469.46 Aug 21, 2026: token $473.60 at 20:00 UTC; stock close $473.25 Aug 24, 2026: token $457.55 at 20:00 UTC; stock close $456.75 Aug 25, 2026: token $479.41 at 20:00 UTC; stock close $479.18 Aug 26, 2026: token $480.52 at 20:00 UTC; stock close $480.93 Aug 27, 2026: token $474.81 at 20:00 UTC; stock close $476.67 Aug 28, 2026: token $465.95 at 20:00 UTC; stock close $465.58 Aug 31, 2026: token $470.18 at 20:00 UTC; stock close $470.72 Sep 1, 2026: token $459.91 at 20:00 UTC; stock close $459.61 Sep 2, 2026: token $459.21 at 20:00 UTC; stock close $457.06 Sep 3, 2026: token $444.08 at 20:00 UTC; stock close $456.16 Sep 4, 2026: token $476.62 at 20:00 UTC; stock close $477.57 Sep 8, 2026: token $500.35 at 20:00 UTC; stock close $505.74 Sep 9, 2026: token $519.73 at 20:00 UTC; stock close $521.10 Sep 10, 2026: token $503.99 at 20:00 UTC; stock close $503.60 Sep 11, 2026: token $514.38 at 20:00 UTC; stock close $516.13 Sep 14, 2026: token $481.66 at 20:00 UTC; stock close $493.41 Sep 15, 2026: token $504.27 at 20:00 UTC; stock close $504.20 Sep 16, 2026: token $512.46 at 20:00 UTC; stock close $512.50 Sep 17, 2026: token $545.14 at 20:00 UTC; stock close $545.09 Sep 18, 2026: token $557.88 at 20:00 UTC; stock close $559.82 Sep 21, 2026: token $615.34 at 20:00 UTC; stock close $615.52 Sep 22, 2026: token $622.08 at 20:00 UTC; stock close $623.77 Sep 23, 2026: token $613.66 at 20:00 UTC; stock close $614.61 Sep 24, 2026: token $629.06 at 20:00 UTC; stock close $629.26 Sep 25, 2026: token $630.70 at 20:00 UTC; stock close $630.63 Sep 28, 2026: token $607.85 at 20:00 UTC; stock close $607.87 Sep 29, 2026: token $607.09 at 20:00 UTC; stock close $607.57 Sep 30, 2026: token $611.52 at 20:00 UTC; stock close $611.76 Oct 1, 2026: token $616.95 at 20:00 UTC; stock close $615.73 Oct 2, 2026: token $633.03 at 20:00 UTC; stock close $633.91 Oct 5, 2026: token $630.87 at 20:00 UTC; stock close $631.75 Oct 6, 2026: token $648.78 at 20:00 UTC; stock close $649.42 Oct 7, 2026: token $645.86 at 20:00 UTC; stock close $645.86 Oct 8, 2026: token $620.92 at 20:00 UTC; stock close $620.68 Oct 9, 2026: token $607.57 at 20:00 UTC; stock close $608.10 Oct 12, 2026: token $593.94 at 20:00 UTC; stock close $594.24 Oct 13, 2026: token $605.81 at 20:00 UTC; stock close $605.53 Oct 14, 2026: token $571.93 at 20:00 UTC; stock close $570.82 Oct 15, 2026: token $562.54 at 20:00 UTC; stock close $562.23 Oct 16, 2026: token $530.05 at 20:00 UTC; stock close $528.75 Oct 19, 2026: token $538.50 at 20:00 UTC; stock close $538.05 Oct 20, 2026: token $534.45 at 20:00 UTC; stock close $534.74 Oct 21, 2026: token $553.67 at 20:00 UTC; stock close $552.72 Oct 22, 2026: token $508.65 at 20:00 UTC; stock close $507.93 Oct 23, 2026: token $515.90 at 20:00 UTC; stock close $516.79 Oct 26, 2026: token $531.61 at 20:00 UTC; stock close $531.28 Oct 27, 2026: token $560.31 at 20:00 UTC; stock close $560.26 Oct 28, 2026: token $578.45 at 20:00 UTC; stock close $578.44 Oct 29, 2026: token $565.96 at 20:00 UTC; stock close $566.42
Aug 6$444.08 to $649.42Oct 29

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.

AMD token vs AMD stock: exact source values
Date (UTC)Token (USD)Stock close (USD)Token quote (UTC)
2026-08-06489.75489.282026-08-06 20:00
2026-08-07483.12483.362026-08-07 20:00
2026-08-10470.08469.562026-08-10 20:00
2026-08-11469.58474.322026-08-11 20:00
2026-08-12486.62482.932026-08-12 20:00
2026-08-13483.55483.012026-08-13 20:00
2026-08-14513.09514.392026-08-14 20:00
2026-08-17505.47506.002026-08-17 20:00
2026-08-18482.45484.392026-08-18 20:00
2026-08-19466.15466.422026-08-19 20:00
2026-08-20467.56469.462026-08-20 20:00
2026-08-21473.60473.252026-08-21 20:00
2026-08-24457.55456.752026-08-24 20:00
2026-08-25479.41479.182026-08-25 20:00
2026-08-26480.52480.932026-08-26 20:00
2026-08-27474.81476.672026-08-27 20:00
2026-08-28465.95465.582026-08-28 20:00
2026-08-31470.18470.722026-08-31 20:00
2026-09-01459.91459.612026-09-01 20:00
2026-09-02459.21457.062026-09-02 20:00
2026-09-03444.08456.162026-09-03 20:00
2026-09-04476.62477.572026-09-04 20:00
2026-09-08500.35505.742026-09-08 20:00
2026-09-09519.73521.102026-09-09 20:00
2026-09-10503.99503.602026-09-10 20:00
2026-09-11514.38516.132026-09-11 20:00
2026-09-14481.66493.412026-09-14 20:00
2026-09-15504.27504.202026-09-15 20:00
2026-09-16512.46512.502026-09-16 20:00
2026-09-17545.14545.092026-09-17 20:00
2026-09-18557.88559.822026-09-18 20:00
2026-09-21615.34615.522026-09-21 20:00
2026-09-22622.08623.772026-09-22 20:00
2026-09-23613.66614.612026-09-23 20:00
2026-09-24629.06629.262026-09-24 20:00
2026-09-25630.70630.632026-09-25 20:00
2026-09-28607.85607.872026-09-28 20:00
2026-09-29607.09607.572026-09-29 20:00
2026-09-30611.52611.762026-09-30 20:00
2026-10-01616.95615.732026-10-01 20:00
2026-10-02633.03633.912026-10-02 20:00
2026-10-05630.87631.752026-10-05 20:00
2026-10-06648.78649.422026-10-06 20:00
2026-10-07645.86645.862026-10-07 20:00
2026-10-08620.92620.682026-10-08 20:00
2026-10-09607.57608.102026-10-09 20:00
2026-10-12593.94594.242026-10-12 20:00
2026-10-13605.81605.532026-10-13 20:00
2026-10-14571.93570.822026-10-14 20:00
2026-10-15562.54562.232026-10-15 20:00
2026-10-16530.05528.752026-10-16 20:00
2026-10-19538.50538.052026-10-19 20:00
2026-10-20534.45534.742026-10-20 20:00
2026-10-21553.67552.722026-10-21 20:00
2026-10-22508.65507.932026-10-22 20:00
2026-10-23515.90516.792026-10-23 20:00
2026-10-26531.61531.282026-10-26 20:00
2026-10-27560.31560.262026-10-27 20:00
2026-10-28578.45578.442026-10-28 20:00
2026-10-29565.96566.422026-10-29 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.

Advertisement

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.

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.

More in AI

See all
Previous storyResearch duo unveils independent AI model after turning down Project Prometheus pitch