- AMD
- NVDA
Advanced Micro Devices (NASDAQ:AMD) stock closed at $615.52 on Monday, Sept. 21 — a record, and the chipmaker’s first close above the $600 mark. Monday’s nearly 10% surge also made AMD a trillion-dollar company for the first time. And the run isn’t cooling. Shares traded near $621 as of this writing, up 187% in 2026 through Monday’s close.
AMD has split its stock six times in its history, but not once since 2000. So, now that the shares carry a $600 price tag, is a seventh split on the way?
Missed Nvidia in 2009? This Rare Signal Is Flashing Again.In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia.Continue »
Six splits, none since 2000
AMD lists its split history on its investor relations site. The record shows three 3-for-2 splits and two 2-for-1 splits between 1978 and 1983, and then one last 2-for-1 split in August 2000.
Those six splits compound to a factor of 27. In other words, every share bought before the first split in 1978 has become 27 shares today. And had AMD never split at all, a single share would now go for about $16,800.
Since 2000, the company hasn’t announced another split, and I can’t find any public comment from management even entertaining the idea.
That silence has held through an extraordinary stretch. Since Lisa Su became CEO in October 2014, the stock has climbed from about $3 to more than $600 (a nearly 190-fold gain), and the board never split the shares once along the way.
Earnings put the stock above $600
AMD’s $600 share price reflects a business being repriced, not a shrinking supply of shares. The company reported about 1.63 billion shares outstanding at the end of June. That count is essentially where it started the year, while the stock’s price has nearly tripled.
Not only did AMD’s second-quarter revenue rise 50% year over year to a record $11.5 billion, but earnings per share also reached $1.38, up from $0.54 a year earlier. The data center segment drove the growth. Segment revenue climbed 107% from the year-ago quarter, hitting $6.7 billion on demand for the company’s EPYC server chips and its Instinct line of <a href="https://www.fool.com/terms/a/artificial-intelligence/?utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=4589027f-a4d6-4463-ac2d-7fdf95024f8f” rel=”nofollow noopener” target=”_blank”>artificial intelligence (AI) accelerators.
“AI is driving a significant expansion in demand for compute across all of our markets,” AMD chair and CEO Lisa Su said in the August release announcing those results.
For the third quarter, management guided to about $13 billion of revenue, up about 41% year over year. The growth rate is easing from the second quarter’s 50%, but the dollar amounts keep stepping up — from $9.2 billion in the same quarter last year to $11.5 billion last quarter to roughly $13 billion guided for the current one.
