Advanced Micro Devices has been having its “It” moment of late. With the widespread interest in artificial intelligence, AMD, as the company is more commonly known, has been benefiting from the AI boom. With its stock trading near all-time highs, some investors are wondering if a stock split (a corporate action the chipmaker hasn’t conducted in more than a quarter century) could be on the horizon.Lisa Su, who became CEO of AMD in 2014, has helped to grow AMD from a chipmaker to a leading tech giant in the AI age. The company makes graphics processing units (GPUs) that enable complex AI calculations, as well as central processing units (CPUs) used in AI data centers.AMD has been around for a long time — the company conducted an IPO and went public in 1972, just a few years after its 1969 founding. Then, in its early years, AMD rewarded stockholders early on with a series of stock splits.Here’s a look at AMD’s stock split history, what its stock would be worth today had it never been split, and a discussion of whether another stock split might be on the table given the company’s recent performance. When did AMD conduct its first stock split?AMD conducted its first stock split in 1978, when it offered stockholders three shares for every two they owned.How many times has AMD split its stock?AMD has conducted 6 stock splits over the course of its more than half-century as a public company. Its first stock split was 3-for-2 in 1978, followed by another 3-for-2 in 1979, 2-for-1 in 1980, 3-for-2 in 1982, and 2-for-1 in 1983. It would be another 17 years before AMD made its sixth stock split, a 2-for-1 in 2000. In the more than quarter century since, the company hasn’t conducted another stock split.AMD’s stock split history at a glanceSeptember 27, 1978October 25, 19783 for 2September 24, 1979October 24, 19793 for 2September 22, 1980October 23, 19802 for 1September 27, 1982October 27, 19823 for 2July 22, 1983August 22, 19832 for 1August 7, 2000August 21, 20002 for 1Source: AMDSome reports say that AMD conducted a 2-for-1 stock split on January 24, 1980, but AMD hasn’t recorded that on its stock split history page.More on stock splits:Apple’s stock split history: Everything you need to knowAmazon’s dividends & stock splits: What you need to knowHome Depot’s stock split history: What you need to knowWhat would AMD’s stock price be in 2026 if it hadn’t conducted any stock splits?AMD’s share price, had the stock not been split six times, can be calculated by multiplying the current stock price by the cumulative stock split ratio, in this case, 27: Current AMD stock price x (1.5 × 1.5 × 2 × 1.5 × 2 × 2) = AMD stock price had the stock never been splitCurrent AMD stock price x (27) = AMD stock price had the stock never been splitHad AMD never conducted stock splits, a share would be valued at around $14,015, based on the June 24, 2026, closing price of $519.06. At that price, purchasing AMD’s stock would be out of the price range of most retail investors.
CEO Lisa Su has helped to lead a revival in AMD since taking over as CEO in 2014, and the company has focused on producing GPUs for use on AI. Leon Neal / Getty Images
How has AMD’s stock performed?AMD’s stock has increased in value by a significant multiple since the tech giant went public in 1972. AMD said it issued 620,000 shares of common stock (500,000 by the company and 120,000 by selling shareholders), over-the-counter, at $15.50 per share, on September 27, 1972. Based on its June 2026 non-split-adjusted stock price, AMD shares have increased in value by a factor of 904 since its IPO. That suggests a $10,000 investment in AMD at its IPO would be worth $9.04 million today.AMD’s rapid stock price rise occurred over the past decade or so. In June 2016, the stock was trading at around $5, indicating a more than 100-fold increase over the past decade. Its market capitalization stands at around $860 billion as of late June 2026.Related: Boeing’s dividend & stock split history explainedIs AMD going to split its stock again? Despite AMD’s impressive run over the past months and years, the company has not announced any intentions to conduct a stock split in the near future. Nevertheless, AMD investors have speculated about the prospect, with multiple Reddit user claiming that the company’s CFO, Jean Hu, mentioned in a company meeting that a stock split would not be considered until the company’s share price exceeds $600.