Advanced Micro Devices, Inc (AMD) has seen stellar growth over the last few years. The company recently reported record revenue in its quarterly earnings. Let’s discuss how much you would have made if you had purchased $1000 worth of AMD stock in 2020.
$1000 In AMD Stock From 2020 Is Worth This Much Today
If you had purchased $1000 worth of AMD stock on January 2, 2020, you would have received 20 shares. At the time AMD shares were trading at around $49.10.
AMD has come quite a long way in the last six years. The AI boom, in particular, has led to a massive price surge for the company’s stock. AMD is currently trading at around $469.56. The 20 shared bought in January 2020 would have been worth about $9,565 today. The figure represents a gain of 856%, a 9.6X growth.
Can The Stock Replicate The Growth By 2030?
Wall Street analysts have become increasingly bullish on AMD. The company has been reporting higher and higher revenue in each quarter. The pattern is expected to continue given the surge in the demand for AI chips for computation. AMD is one of the few names in the AI chip industry and the company has been making serious inroads in the sector. The company also recently revealed chips that it claims can outperform those by Nvidia (NVDA). The coming of CPU-focussed agentic AI is also expected to propel AMD to new heights.
Also Read: Here’s Why AMD Stock Can Beat Nvidia In The Long Run
AMD is also going in big on data centers. Data centers have quickly become the real estate market of the digital era. AMD’s bet on data centers is expected to pay off according to several experts.
The bullish developments around AMD are likely to continue pushing the company’s stock to new all-time highs in the coming years. The asset will most likely deliver stellar returns by the end of this decade.