Here’s How Much a $1,000 Investment in AMD Stock 10 Years Ago Would Be Worth Today
Written by
G. Brian Davis
Edited by
Daria Uhlig
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Advanced Micro Devices Inc. (better known as AMD) has blown past all expectations over the last decade. It’s enough to make any investor wish that they had, in fact, invested $1,000 with AMD ten years ago. But does past performance indicate future results in the case of AMD? Maybe.
How Much Your AMD Investment Would Be Worth Today
If you invested $1,000 in AMD ten years ago, what would you have today?
On May 3 a decade ago, AMD closed at $4.12 per share. On that date in 2024, it traded at $150.60. That’s a 3,555% increase in value.
An investment at $4.12 per share would have bought you 242.72 shares. Those shares would be worth $36,554 today. Not too shabby.
Why AMD Has Crushed the Competition
In the artificial intelligence arms race, AMD has emerged as an early winner. The company manufactures semiconductors and microprocessors — components needed for AI computing power.
As recently as October 2022, AMD was trading around $57 per share. It had rallied to nearly $210 by March 2024, although investors’ euphoria has gravitated a little closer to earth since those heady heights.
AMD competes with Nvidia and Intel in the microchip and processor market. While Nvidia has beaten out AMD in price growth over the last year, AMD has handily routed Intel.
Why? Because AMD has simply beaten Intel on technology. AMD cranks out faster, smaller processors, which has helped it steadily steal market share from historical rival Intel.
The Future for AMD
No one knows how deep the AI rabbit hole will go, but AMD shows promise in the field.
In April 2024, AMD announced a new series of chips specifically designed to power AI processing. It remains a frontrunner in the field.
That could change at any time, of course. The tech industry changes fast, and companies overlook (or overinvest in) potential new technologies all the time. So far, AMD seems poised for success, but there are no guarantees in such rapidly evolving fields.
Consider AMD a rising star to watch — but also watch out for its high price/earnings ratio. It may make for a good “buy-the-dip” opportunity when and if it tumbles in a market correction.
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