Published in News
AMD stocks hit 52-week high
by Fudzilla staff on16 December 2009
Investors get Christmas present
In recent years AMD has faced some tough and turbulent times, but recently the chipmaker has managed to regain a foothold in the CPU market and outpace Nvidia in GPU development.
During yesterday's trading AMD stocks hit $9.08, but closed at $8.90. In the golden days of late 2005 AMD was trading at over $40 per share, but over the next couple of years the stock tumbled and in late 2007, just before the recession reared its ugly head, the company was trading at about $13.
Although stocks are still not back to 2007 levels, bear in mind that AMD was trading at barely over $2 in January 2009, so smart investors could have earned well over 400 percent in just under a year. AMD hopes to report a profit or break even in the next couple of quarters, following several consecutive quarters in the red.
Speaking of investors, the numbers come as a rather nice Christmas gift, not that Dubai-based investors care about it.