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Here’s how much a $1,000 investment in AMD stock in 2010 is now worth

Here’s how much a $1,000 investment in AMD stock in 2010 is now worth

The 2010s witnessed a remarkable era of growth in the technology sector, where companies like Apple (NASDAQ: AAPL), Nvidia (NASDAQ: NVDA), and Tesla (NASDAQ: TSLA) became synonymous with stock market success

Among these tech giants, Advanced Micro Devices (NASDAQ: AMD), the chipmaking powerhouse, also carved out a prominent place as a stock market winner, delivering impressive returns to savvy investors who recognized its potential early on.

Since October 2010, AMD’s stock price has skyrocketed from around $7 to its current price of $101.1 as of October 5, 2023. This represents an astonishing surge of more than 1,340%. 

AMD’s stock price trajectory since 2010. Source: Finbold

To put this into perspective, if you had invested $1,000 into AMD shares 13 years ago, that investment would be worth roughly $14,430 today. 

AMD stock price analysis

At the time of writing, AMD was trading at $101.04, down nearly 3% at the market open on Thursday.

Over the past week, the chipmaker saw its share price fall by around 3.5%, and nearly 9% on the month amid a broader tech sell-off caused by the Federal Reserve’s recent message about keeping interest rates “higher for longer.”

Nevertheless, AMD’s year-to-date performance remains largely positive, with the stock gaining almost 58% since January 1.

AMD YTD price chart. Source: Finbold

Analyst rate AMD as ‘Strong Buy’

Despite its recent declines, the majority of analysts on Wall Street remain bullish on the semiconductor company.

Notably, the average 12-month price target on the stock sits at $140.25, implying a potential upside of more than 38% from its current share value, TipRanks data shows. 

At the same time, the consensus rating on AMD is ‘Strong Buy,’ based on 29 analysts’ views declared in the past 3 months. Out of those, 22 experts said AMD is a ‘Buy,’ while 7 advised a ‘Hold.’ No analysts recommended selling the stock. 

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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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