Friday, January 3rd 2020
AMD Stock Broke All-Time Record for the Company, Peaked at $49.10 per Share
AMD veterans yesterday must've sneakily left their respective offices yesterday for a well-deserved rest and a glass of champagne - and if they didn't, they deserved it. The company yesterday broke their previous all-time stock pricing record achieved way back in June 2000, at $47.50 per share, when it traded at $49.10 per share yesterday.
It's been a long time coming for AMD, and irrespective of any brand loyalty, it certainly pays, as a consumer and as an enthusiast, to see a company that nearly went bankrupt in 2016 - who had to sell and then lease back their own headquarters for a quick cash infusion, spin-off its manufacturing division in a change of strategy that couldn't have been easy on morale - achieve such a colossal feat. Even more impressive this is should you even be considering the blue behemoth the company actually has to contend with - a $260.35B Intel who, by both happenstance and poor CPU execution vision, is being fired upon on all markets by comparative David AMD, today valued at $51.07B. Here's hoping all AMD employees got their well-deserved party and standing ovation from each other. None of them - not even Lisa Su - achieved this alone.
Sources:
Market Cap, via Tom's Hardware
It's been a long time coming for AMD, and irrespective of any brand loyalty, it certainly pays, as a consumer and as an enthusiast, to see a company that nearly went bankrupt in 2016 - who had to sell and then lease back their own headquarters for a quick cash infusion, spin-off its manufacturing division in a change of strategy that couldn't have been easy on morale - achieve such a colossal feat. Even more impressive this is should you even be considering the blue behemoth the company actually has to contend with - a $260.35B Intel who, by both happenstance and poor CPU execution vision, is being fired upon on all markets by comparative David AMD, today valued at $51.07B. Here's hoping all AMD employees got their well-deserved party and standing ovation from each other. None of them - not even Lisa Su - achieved this alone.
85 Comments on AMD Stock Broke All-Time Record for the Company, Peaked at $49.10 per Share
Last time AMD stock almost hit this mark in 2006, they were at the peak/end of the K8 product stack and Intel was recovering from the Net-burst era. However, Intel had released the core architecture, soon would integrate the memory controller into the CPU and start the tick tock schedule. AMD's response was Phenom and then bulldozer. We all know how that turned out.
This time AMD is keeping to their own advancement schedule of higher IPC and core counts on advanced fab processes each year. Intel is having a hard time with their own fab processes and IPC/core counts have not been improving at the same pace as AMD's Zen architecture.
For these reasons, I believe AMDs stock price will continue to go up and most likely not at a peak that quickly dropped like in 2006 (and previously in 2000).
hexus.net/tech/news/industry/132254-moores-law-dead-insists-intels-jim-keller/
Happy for AMD for bouncing back.
the college debt bubble is getting more unmanageable by the year. Sooler or later that thing is gonna blow.
Credit card debt is peaking again
Sub prime car loans are at an all time high
Consumer debt is piling up again
I've started hearing those "if you owe X in debt" and " No credit, no problem" commercials again, just like I did before 2008. Now as for housing, in the US there isnt much of a problem outside of packed costal cities, but China is another deal entirely. The chinese contruction industry has been maintained for years by massive government investment, producing unsustainable growth resulting in ghost cities and ghost highways all over china. They have started to run out of local projects, hence the hard push for the Belt Road inititive, those chinese contruction companies are all doing business in africa now. If china's economy slows down (and many reports have shown them to be increasingly inflating their GDP numbers in recent years), the contruction industry will pop, nd the rich chinese business owners will frantically be selling their assets, mainly in the form of western property.
Not to mention the obvious bubble: the techbro market. Theranos was a total scam, WeWork burnt though valuation like tissue paper, and now one of Uber's co-founders is bowing out. For years cheap loans and VC funding have been fueling huge companies that have created a gig economy where the host company manages to never make money, and as more investments come due, I can imagine funding drying up and many of these big gig comapnies going belly up, which creates a major problem for lower and lower middle class americans, and could trigger a major recession. Doubly so if the DoJ finally cracks down on big tech monopolies.
A collapse of the chinese housing market may create a worldwide recession, just as the US market did in 2008, and I'd place bets on that happening soon. It wont be as bad as 2008 (for us anyway), but only a fool will think that a recession is inevitable for another decade, that would be the single longest bull run since the 1950s/1960s.
I am in the same boat as many here, I had $10K in the bank when AMD was $1.67 a share, and god I wish I had put $2-3K into AMD at that time, if not the whole $10k. I was worried AMD would finally go bankrupt. As it stands, I put $700 into AMD at $9 a share, and I'm going to be selling those shares this weekend and next week (and in turn, will use that cash if the rumored navi 21 is as good as it sounds). It's been a good run, and I dont doubt AMD will continue to make good money, but I see tech stocks falling in the next year or two, and I'm getting out while the ROI is good.
It would have taken balls of steel to invest in AMD at that time but for any that did they have seen a 3,000% increase in their investment in just a few years. That is incredible. It really is amazing to see a company rise from the ashes like AMD has done. I have a lot of respect for Lisa Su for this.
2008 - 2006 = 2
You can add other achievements, but these are the major ones that come to mind.
I thought you were correcting him that the IMC didn't come with the first Core 2 in 2006. I just pointed out that he wrote soon, as in later than 2006.