From Tom's Hardware: AMD has broken its previous closing stock price record during today's intra-day trading. The previous closing record was set at $47.50, which was set on June 21, 2000. Of course, factors like inflation do apply, but regardless, this is an important hallmark for the company, which is trading at $47.62 at the time of writing.
The new height reflects the market's growing confidence in AMD's portfolio of Zen 2-powered processors, which now challenge Intel in every single segment of the market they compete in, and confidence in the company's ability to deliver on its goals as it moves to future architectures, like Zen 3 and Zen 4.
Times have certainly changed for AMD compared to its last record stock price: In March 2000, AMD released the world's first 1GHz processor, the Athlon 1000, which competed directly with Intel's NetBurst architecture. Intel's competing processors weren't nearly as impressive in terms of pricing, power efficiency, or performance. AMD also had its first multiprocessor platform, the Athlon MP, in the works to challenge Intel in the data center.
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