AMD Hits All-Time High, Taking Out Record That Stood Since 2000
- Shares jumped nearly 150% over 2019, leading the S&P 500
- New products are seen providing growth tailwinds in 2020
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Advanced Micro Devices Inc. shares rallied on Thursday, with the stock hitting an intraday record -- the chipmaker’s first such milestone in nearly two decades.
The stock gained as much as 5.8% to hit $48.53, surpassing what had been its intraday record of $48.50, touched on June 5, 2000, according to data compiled by Bloomberg. Shares were also on track for an all-time closing high, also their first since 2000.