AMD’s share price has exceeded $100

AMD recently announced the second quarter of the 2021 financial report, breaking the single-quarter revenue record again with $3.85 billion, achieving year-on-year growth of 99% and quarter-on-quarter growth of 12%. The gross profit margin has also reached 48%, an increase of 4% year-on-year, which is also two percentage points higher than the 46% in the first quarter. The Computing and Graphics Division and the Enterprise, Embedded, and Semi-Custom Division continued to show strong performance. The revenues of these two divisions were $2.2 billion and $1.5 billion, an increase of 7% and 19%, respectively.

Such a strong momentum is naturally also reflected in the investment market. On July 29, the U.S. stock market, AMD’s stock price has soared all the way, breaking through the $100 mark historically, reaching the highest intraday price of $105.732, and finally the closing price of $102.950, a single-day increase of 5.13%, the current market value of $125.1 billion. Compared with Intel’s market value of $217.9 billion, the gap is further narrowed. AMD expects revenue in 2021 to increase by 60% year on year and believes that there is a high chance that it will further stimulate the stock price. Before the release of the first-generation Zen architecture processor, AMD’s stock price was only about $7, which means it has risen by more than 13 times. AMD can be said to be one of the best-performing stocks in the mature U.S. stock market in the past few years.

Via: Forbes