Thursday, July 29th 2021
AMD Stock Breaks $100 Price, Slightly Up from $7 Prior to Zen Breakthrough in 2017
As of 16:11 UTC today (29/07), the AMD stock has broken through the $100 stock-price glass ceiling, and is at $103.91, up 1384% from the $7 stock price in late-2016, prior to the company's competitive breakthrough with the "Zen" architecture. The latest rally comes in the wake of AMD's latest Q2-2021 financial results, where it clocked a 99% growth in YoY revenue. In the call, AMD mentioned that it is on track to maintaining its performance leadership, on the backs of the new "Zen 4" CPU architecture, RDNA3 graphics-, and CDNA2 compute architecture.
Sources:
AMD Stock (Google Finance), Image Courtesy: Segment Next
35 Comments on AMD Stock Breaks $100 Price, Slightly Up from $7 Prior to Zen Breakthrough in 2017
AMD Stock Breaks $100 Price, Slightly Up from $7 Prior to Zen Breakthrough in 2017
Yeah, 1384% up is just slightly up lmaoThere even was a news piece somewhere else about how it would be bankrupt by 2020 lolHo well !
I only had degrading stocks in us dolar in past. Not like these gas or high developing company shares.
oh well
mindblowing. I'll never forgive myself for being such a chicken shit on it.its a duopoly industry, no reason to sell. its a safe bet. good on you. personally, if I had not been such an idiot and did invest when it was around $1.50 a share... I probably would cash out now. my needs are much less than most people. I could pay off my parents house for around 50 grand cash, I could buy me a new 60 mpg hyundai ioniq car for 23 grand cash, and sipping that gasoline will save money money over the next decade.
100-150 grand would dramatically improve my quality of life, from anxiety/stress to calm and peace for a long period of time. but again, each persons situation is different. for me i want security and stability long term, before i begin playing with "money i am willing to lose" type thinking
PS
+40% on R&D yoy is another piece of good news.
(also they can't be making much money on PS5 or xbox series x... I believe both sony and M$ are taking a loss on each sale of the console if I remember correctly, which prob means means pennies in profit for AMD)
I give it two years or so, AMD will probably reach $140 a share at its peak but then crash to $50-60 share range once the market is no longer in demand and the shelves are saturated with stock. but nothing wrong with riding high while you can so more power to them.
Nvidia however will keep rising and rising, Nvidia has its tentacles deep into the healthcare world now and AMD does not, and thats where the real money is at short and long term.