AMD Stock Price History and Cycles: Highs, Lows and Rebounds

A stock that has just set a record looks, on a one-year chart, like a line that only climbs. Pull the same chart back a few decades and the shares of a chipmaker can tell a much rougher story, with booms, deep busts and some very long waits for the price to come back.

The sites that rank for a stock's price history mostly hand you a long table of daily prices. That table is useful, but the hard questions are left to you: which falls mattered, how long each one took to repair, and why a price from the early 1990s looks like pocket change today.

Read properly, a price history is a list of peaks and troughs. A peak is a high point before a fall, and a trough is the low point after it. For each pair you want three answers: how far the price fell, when it got back above the old peak, and which company events sat underneath.

Advanced Micro Devices (AMD) makes a clear example, because more than fifty years of its record hold near-total collapses as well as a fresh record high. On BloFin, the AMD perpetual gives you AMD's price with leverage, meaning a position larger than the cash you put up. That makes AMD's history a guide to how deep a fall such a position might need to survive.

What is AMD's stock price history?

AMD's stock price history starts with a 1972 listing at $0.57 a share, adjusted for splits (source: AMD investor FAQ). It reached a record close of $630.63 on September 25, 2026, after three falls of more than 90%, worked out from closes. Its lowest close was $1.62 on July 27, 2015 (source: Yahoo Finance).

A closing price is the last trade of the regular session, while the intraday high and low are the highest and lowest prices reached during it. Split-adjusted means an old price has been divided by every stock split since, so a long chart lines up with today's shares. AMD's investor FAQ puts its lifetime split adjustment at 27 to 1, which turns the $15.50 paid per share in 1972 into $0.57 (source: AMD investor FAQ). Yahoo Finance marks its figures as close prices adjusted for splits (source: Yahoo Finance). AMD's own price history page says its prices are adjusted for splits and dividends (source: AMD price history).

The last of AMD's stock splits was a 2-for-1 in August 2000, and Yahoo's history shows none after it, so every AMD price since then is the price that actually traded (source: Yahoo Finance). AMD's record has these turning points:

Four checks help whenever you meet an old AMD price on a chart or in a table:

1. Look for a note saying the prices are adjusted for splits.

2. Double any AMD price from late August 1983 to August 21, 2000 to get the price that traded that day, since only the 2000 split falls in between. Earlier prices were cut by more splits.

3. Compare closes with closes and intraday prices with intraday prices. In 2024, for example, AMD's highest trade was $227.30 (source: Stock Analysis). Its highest close that year was $211.38, on March 7 (source: Yahoo Finance).

4. Keep the date beside every figure, because AMD's price can move a long way in a month, such as a 41.05% fall in October 2018 and a 58.30% rise in October 2025 (source: Stock Analysis).

Ordinary trading days, each shaped by what moves AMD stock that day, fill the gaps between those turning points. The turning points leave out what a holder feels most: how deep each fall went and how long the climb back took.

AMD stock's largest drawdowns and recovery times

AMD stock's largest drawdowns were 90.8% from 1984 to 1990, 93.3% from 2000 to 2002 and 95.7% from 2006 to 2008, each worked out from a split-adjusted closing high to the lowest close of that fall (source: Yahoo Finance). The 2000 peak was passed again only on January 2, 2020 (source: Yahoo Finance).

In plain terms, a drawdown is the size of a drop, in percent, from a peak down to the trough of that fall, its lowest close before the next big rally. The stock has regained its peak on the first day it closes above that old high, and the stretch in between is often called time underwater.

The shallower falls of 2018 and 2020, 49.1% and 34.3% deep, were repaired within months, while each of the three falls of more than 90% took well over a decade to repair (source: Yahoo Finance). Worked out from Yahoo Finance's split-adjusted closes, eight of AMD's falls look like this:

The 2006 to 2008 fall was followed by a lower low still, $1.62 on July 27, 2015 (source: Yahoo Finance). That close is 96.2% below the 2006 high and 96.6% below the 2000 peak, worked out from closes (source: Yahoo Finance).

AMD's old highs were passed again in a different order from the falls, because the 2018 high was regained before the 2006 and 2000 peaks (source: Yahoo Finance). In date order, the first close above each old high came like this:

The math of recovery explains the long waits. After a 93.3% fall, the $3.20 close of October 2002 had to grow almost fifteenfold to get back to $47.50. That took until January 2020, about 19 and a half years after the June 2000 peak.

Drawdowns show the worst stretches of AMD's record, and volatility, the size of its everyday price swings, measures how volatile AMD stock is between them. A calendar gives a third view, showing how often the stock simply had a bad year.

AMD's yearly stock returns since 2016

AMD's yearly stock returns since 2016 have ranged from a 295.12% gain in 2016 to a 54.99% loss in 2022, with losing years in 2017, 2022 and 2024 between large gains. In 2026 the shares rose 194.47% from the last close of 2025 to the September 25 close (source: Stock Analysis).

A calendar-year return is the change in price from the last close of one year to the last close of the next, so it leaves out whatever happened in between. Stock Analysis lists these year-end closes, split-adjusted, along with its own figure for each year's change:

The 2016 gain started from a close of $2.87 at the end of 2015, and the worst year, 2022, came straight after four years of gains (source: Stock Analysis). Say you had put $1,000 into AMD at the end of 2021, at $143.90 a share. A year later the $64.77 close would have left you with about $450. By the end of 2023, the $147.41 close would have brought you back to about $1,024, worked out from those closes. Two years of holding ended close to where they began, with the value more than halved in between.

Those years are a record of what happened, and a record gives no schedule for the next gain or loss. AMD's record reaches much further back, to its first public sale of shares in 1972.

AMD stock from the 1972 IPO to the 2000 peak

AMD's shares were first sold over the counter on September 27, 1972 at $15.50 each, and they moved to the New York Stock Exchange on October 15, 1979 (source: AMD investor FAQ). On split-adjusted closes they reached $20.50 in August 1984, fell to $1.88 by October 1990 and peaked at $47.50 on June 21, 2000 (source: Yahoo Finance).

An initial public offering (IPO) is the first time a company sells its shares to the public. Over the counter means dealers traded the shares with each other directly, off any stock exchange, and AMD's debut on the New York Stock Exchange came seven years later. Yahoo Finance's daily prices for AMD begin in 1980 and mark splits in October 1980, October 1982 and August 1983 (source: Yahoo Finance). That is why the earliest figures on its chart look so small.

After the August 1984 high, the shares slid for six years to $1.88 on October 17, 1990, a fall of 90.8% worked out from closes. The best close of 1995 was $19.44, just short of the old high, and the first close above $20.50 came in 1997, more than 12 years after the 1984 peak (source: Yahoo Finance). From a close of $6.50 on August 31, 1998, the stock then rose more than sevenfold in under two years to its June 2000 peak, worked out from closes.

The 2000 peak shows why the adjustment matters. Say you pull up AMD's chart and see $47.50 for June 21, 2000. That number is split-adjusted, and AMD's 2-for-1 split in August 2000 halves every earlier price in the series (source: AMD investor FAQ). The shares that changed hands on June 21, 2000 actually closed at $95.00, twice the chart figure. The same doubling turns the $20.50 of 1984 into $41.00, worked out from Yahoo Finance's closes.

That peak stood as AMD's highest close for almost twenty years, and the fall that followed it came in two waves.

AMD stock from the 2000 peak to the 2015 low

AMD stock went through two crashes between its 2000 peak and 2015. It closed at $3.20 in October 2002, recovered to $42.10 in February 2006 and fell to $1.80 in November 2008. Its lowest close ever, $1.62 on July 27, 2015, was 96.6% below the 2000 peak, worked out from closes (source: Yahoo Finance).

Between the two crashes came a strong recovery. From October 7, 2002 to February 1, 2006 the close rose from $3.20 to $42.10, about 13 times higher, worked out from closes. Even so, the 2006 high finished 11.4% short of the June 2000 peak, so anyone who had bought in 2000 was still behind. Each of the two crashes took more than 90% off the share price, 93.3% from 2000 to 2002 and 95.7% from 2006 to 2008.

The 2008 low turned out to be a false bottom. In 2008 AMD traded as low as $1.62 during the day (source: Stock Analysis). Its lowest close that year was $1.80 on November 25, and it closed at $1.86 on November 16, 2012 before the all-time closing low of $1.62 in July 2015 (source: Yahoo Finance). That puts three separate closing lows under $2 across almost seven years. The whole slide, from the June 2000 peak to the July 2015 low, lasted fifteen years and one month, and it would be 2020 before any close topped $47.50.

Say you had bought at the 2000 peak and held on. Fifteen years later your shares were worth about 3% of what you paid, worked out from closes. You still had more than four years to wait before the price came back to your entry. Two sets of company events sat underneath those crashes.

The dot-com crash and AMD's 2002 low

AMD's 2002 low came at the end of a slide that began at the June 2000 peak. The shares closed at $3.20 on October 7, 2002, 93.3% below June 2000, worked out from split-adjusted closes (source: Yahoo Finance). AMD's annual report for 2002 linked the fall in its processor sales mainly to fewer chips sold at lower prices, reflecting industry-wide weakness in personal computer (PC) sales (source: AMD 10-K, 2002).

The dot-com crash is the usual name for the slump in technology shares in the early 2000s, and AMD's own slide over those years came in stages. The close fell to $13.81 by the last trading day of 2000 and bounced to $34.40 on May 21, 2001. It then sank to $7.93 on October 1, 2001 and reached its low a year after that (source: Yahoo Finance).

The same filing puts numbers on the business behind the fall. AMD's total sales for 2002 were $2.7 billion, down 31% from 2001, and sales of its PC processors fell 28% (source: AMD 10-K, 2002). The company reported a net loss of $1.3 billion for the year, which means its costs ran $1.3 billion ahead of its income (source: AMD 10-K, 2002).

From the October 2002 low, the stock climbed to its February 2006 high (source: Yahoo Finance). That 2006 high came almost nine months before AMD completed its purchase of ATI, and the next closing low arrived in November 2008.

ATI, GlobalFoundries and AMD's lows of 2008 and 2015

AMD completed its purchase of ATI on October 24, 2006, paying about $4.3 billion in cash plus 57,946,017 AMD shares and borrowing $2.5 billion in term loans to fund part of it (source: AMD 8-K, October 2006). By its 2008 annual report, AMD had booked about $2.7 billion of goodwill impairment charges since that deal (source: AMD 10-K, 2008).

Goodwill is the premium a buyer pays above the value of a company's assets, and an impairment charge writes part of that premium off when the purchase proves to be worth less than expected. The 2008 report said AMD had yet to realize all the benefits it expected from ATI, and it recorded a net loss of about $3.1 billion for the year (source: AMD 10-K, 2008). It also said uncertainty in the global economy had led consumers and businesses to put off purchases, which hurt demand for AMD's products (source: AMD 10-K, 2008).

On March 2, 2009, AMD handed the German companies that owned its Dresden chip plants to a new manufacturing company. That company took the name GlobalFoundries two days later and was set to make chips for AMD (source: AMD 8-K, March 2009). AMD's partner in that deal, ATIC, was wholly owned by the government of Abu Dhabi (source: AMD 8-K, March 2009). On November 11, 2009, Intel agreed to pay AMD about $1.3 billion within 30 days, and AMD agreed to drop its lawsuits and regulatory complaints against Intel (source: AMD 8-K, November 2009). Stock Analysis shows AMD's shares up 348.15% for 2009 (source: Stock Analysis).

That rebound faded into the $1.86 low of November 2012 (source: Yahoo Finance). On October 8, 2014, AMD's board named Lisa Su president and chief executive officer (CEO) after Rory Read stepped down (source: AMD 8-K, October 2014). On July 6, 2015, AMD issued a pre-announcement, a warning ahead of its scheduled results. It said second-quarter revenue would fall about 8% from the prior quarter, against AMD's own earlier forecast, called guidance, of a 3% drop, give or take 3%, mainly because consumer PC demand was weaker than expected (source: AMD 8-K, July 2015). Three weeks later, on July 27, 2015, the stock set its all-time closing low of $1.62 (source: Yahoo Finance). From there began a climb that lasted more than six years.

AMD stock from the 2015 low to the 2021 peak

AMD stock rose from its $1.62 low of July 2015 to a closing high of $161.91 on November 29, 2021. On the way came two sharp falls, 49.1% in late 2018 and 34.3% in early 2020, worked out from closes, and on January 2, 2020 it passed its 2000 peak (source: Yahoo Finance).

The turn came in 2016, when the shares gained 295.12% (source: Stock Analysis). The Motley Fool wrote on January 17, 2017 that four things had driven the gain. It named a return to revenue growth, deals that strengthened AMD's balance sheet, the launch of its Polaris graphics cards and hopes for new processors and graphics chips due within months (source: The Motley Fool, January 2017). The same article said AMD's revenue had slumped 28% in 2015, leading to a net loss of more than $400 million (source: The Motley Fool, January 2017). On December 8, 2016, the close topped $10 for the first time since the 2015 low, at $10.34 (source: Yahoo Finance).

By September 14, 2018 the close had reached $32.72, about 20 times the 2015 low, and it then fell 49.1% to $16.65 on December 24, 2018, worked out from closes (source: Yahoo Finance). AMD's third-quarter report that October said graphics revenue had dropped sharply because of high channel inventory, meaning a large stock of its chips already sitting with distributors and retailers (source: AMD 8-K, October 2018). It also put blockchain-related sales of graphics processing units (GPUs) at a negligible level for the quarter, down from about a high-single-digit share of AMD's revenue a year earlier (source: AMD 8-K, October 2018). For a crypto trader, that is a dated point where AMD and crypto markets met in AMD's own sales figures. The close was back above $32.72 on June 10, 2019 (source: Yahoo Finance).

On January 2, 2020 the shares closed at $49.10, their first close above the 2000 peak, about 19 and a half years after it (source: Yahoo Finance). Seven weeks later the next fall arrived, from $58.90 on February 19, 2020 to $38.71 on March 16, a drop of 34.3% in under a month, worked out from closes. The Motley Fool wrote on May 15, 2020 that the stock had first fallen with the broader market in March over the COVID-19 pandemic and then rebounded strongly. It added that AMD was benefiting from work-from-home and play-at-home trends (source: The Motley Fool, May 2020). The close was back above $58.90 on July 22, 2020 (source: Yahoo Finance).

The climb ended at a closing high of $161.91 on November 29, 2021 (source: Yahoo Finance). Stock Analysis lists $164.46 as AMD's intraday high for November 2021, a higher figure because it measures the top trade of a session (source: Stock Analysis). The next two falls were each deeper than 60%.

AMD stock from the 2021 peak to the 2025 low

AMD stock fell 65.4% from its November 2021 closing high to $55.94 on October 14, 2022, then climbed to $211.38 on March 7, 2024. From there it fell 63.0% to $78.21 on April 8, 2025, worked out from split-adjusted closes, and it closed above the 2024 high again on October 7, 2025 (source: Yahoo Finance).

The 2022 fall included another pre-announcement, like the one of July 2015. On October 6, 2022, AMD said preliminary third-quarter revenue would be about $5.6 billion, below its outlook of $6.7 billion, plus or minus $200 million (source: AMD 8-K, October 2022). The filing tied the shortfall to fewer processor shipments, a weaker than expected PC market and significant inventory corrections across the PC supply chain (source: AMD 8-K, October 2022). The next day the close fell from $67.85 to $58.44, a drop of 13.9% worked out from closes, and the low for the year came a week later (source: Yahoo Finance).

Stock Analysis shows a 127.59% gain for 2023 (source: Stock Analysis). The close was back above the 2021 high on January 18, 2024 (source: Yahoo Finance). The next peak, $211.38 on March 7, 2024, was followed by a losing year, with Stock Analysis showing the shares down 18.06% for 2024 (source: Stock Analysis). Writing on January 14, 2025, The Motley Fool said the problem may merely have been too-high expectations after the stock's 127.6% rally in 2023 (source: The Motley Fool, January 2025). The same article found it hard to pin the fall on a single cause and noted that AMD met or beat revenue and earnings expectations in every report that year (source: The Motley Fool, January 2025).

The fall bottomed on April 8, 2025, at a close of $78.21 and an intraday low of $76.48 (source: Yahoo Finance). That day, The Motley Fool reported that AMD had jumped early on hopes of lower tariffs before the market's gains faded (source: The Motley Fool, April 2025). It also reported that KeyBanc had downgraded AMD that morning, lowering its rating on the stock, and that the downgrade pointed partly to uncertainty around AMD's artificial intelligence (AI) business in China (source: The Motley Fool, April 2025). About a week after the low, AMD's filing of April 16, 2025 said a new export control covering its MI308 chips may lead to charges of up to about $800 million (source: AMD 8-K, April 2025). That export-control charge is dated after the April low.

AMD granted OpenAI a warrant on October 5, 2025, giving it the right to buy as many as 160 million of its shares, each priced at $0.01. Full vesting, the point at which all 160 million shares would count as earned, was tied to OpenAI buying six gigawatts of AMD's Instinct GPUs (source: AMD 8-K, October 2025). On October 6, the first trading day after the OpenAI deal, the close jumped 23.7%, from $164.67 to $203.71, worked out from closes (source: Yahoo Finance). From there the stock more than tripled within a year.

AMD stock in 2026

AMD stock started 2026 with a close of $223.47 on January 2 and set a record close of $580.91 on June 30. It then fell 26.1% to $429.56 by July 29 before closing at a new record of $630.63 on September 25, 2026, worked out from split-adjusted closes (source: Yahoo Finance).

The year's lowest close came early, at $190.95 on March 3, 2026 (source: Yahoo Finance). Stock Analysis shows AMD up 74.26% in April 2026, and September had added 33.97% by the 25th (source: Stock Analysis). Its figure of 194.47% for the year runs from the last close of 2025, $214.16. Counted from the January 2 close of $223.47, the gain to September 25 is 182.2%, worked out, so check which starting close a yearly figure uses. The June record then gave way to a fall that lasted four weeks.

Say you had bought at the June 30 record of $580.91. On July 29 you were down 26.1%, worked out from closes, and it took until September 21, when the close reached $615.52, for the price to climb back above your entry (source: Yahoo Finance).

The September 25 close of $630.63 appears on AMD's own price history page as well, with an intraday high of $639.00 that day (source: AMD price history). That close was AMD's record high, about eight times the April 2025 low of $78.21, a rise of 706.3% worked out from closes. A run of that size is a record of what happened, and it sets no pace for the months ahead.

History matters for a trader on BloFin because of what a fall like any of these does to a leveraged position. BloFin's contract on AMD is the AMDUSDT Perpetual, a futures contract that has no end date, and each contract equals 0.01 AMD shares. It went live on May 6, 2026, so the June record and the four-week fall after it both came after its launch (source: BloFin listing notice).

The contract offers leverage of up to 20x, and its live price is on the AMDUSDT Perpetual page.

How AMD's price cycles affect an AMDUSDT Perpetual position

AMD's price cycles reach an AMDUSDT Perpetual position through leverage. The 26.1% fall of mid-2026 was bigger than the 20% that wipes out a 5x buyer's margin. BloFin steps in first, cutting or closing a position once its margin, after any profit or loss, hits the maintenance margin and closing fees combined (source: BloFin liquidation rules).

Every AMD fall before 2026 predates the contract, so its effect on a position is arithmetic on AMD's closes. Margin is the money you put up to open a leveraged position, and the maintenance margin is the minimum your margin has to stay above to keep the position open. Liquidation means BloFin reducing part of the position, or closing all of it, once that floor is reached (source: BloFin liquidation rules). The share of your margin a fall uses up is roughly the fall multiplied by your leverage, before fees. For a long position, which gains when AMD rises, that gives these results for four of AMD's past falls:

Where the fall times the leverage reaches 100%, the position would have been cut or closed well before the trough. A figure close to 100%, such as 98.2% at 2x in 2018, leaves little or no margin to spare. Speed counts as much as depth, and the 2020 and 2026 falls each took less than a month. A short gains on these falls and loses on the rebounds.

Prices can also jump between Nasdaq's regular sessions. AMD closed at $164.67 on Friday, October 3, 2025 and opened 37.5% higher, at $226.45, on Monday, October 6, worked out from those prices (source: Yahoo Finance). Overnight and weekend gaps like that one reach a leveraged position all at once.

The contract follows an index price that BloFin builds from AMD quotes supplied by outside data firms, and it holds its last value when no data arrives (source: BloFin listing notice). Outside regular weekday trading hours, and on weekends and market holidays, trading in BloFin's stock futures may be confined to reduce-only orders (source: BloFin notice).

Reduce-only means an order that can shrink or end a position and never adds to one. Four checks for keeping an AMDUSDT position open through a fall like these:

1. Work out how big a fall your position can take before it reaches the maintenance margin, using the AMDUSDT margin requirements at your leverage.

2. Compare that figure with the deepest falls in AMD's record as well as the recent ones.

3. Plan for the hours outside regular weekday trading, weekends and market holidays included, when reduce-only limits may apply.

4. Decide in advance whether you would add margin, cut the position or close it, as you would for a drawdown in your own account.

Looking to trade AMD with its full history in mind? To get started, you'll need to first create a BloFin account, fund your account with cryptocurrency, and go to the AMDUSDT Perpetual trading page.

Frequently asked questions

What was AMD's stock price at its 1972 IPO?

AMD's stock price at its 1972 initial public offering was $15.50 a share, which AMD puts at $0.57 after adjusting 27 to 1 for its later splits. On September 27, 1972 the company offered 620,000 shares through dealers over the counter: 500,000 new shares from AMD and 120,000 from existing holders, raising $7.5 million in all. AMD later moved its listing to the Nasdaq, on January 2, 2015 (source: AMD investor FAQ).

How much was AMD stock 10 years ago?

AMD stock closed at $6.55 on September 23, 2016, the last trading day ten years before its September 25, 2026 record close of $630.63. That 2016 price is split-adjusted, and because AMD has made no split since 2000 it is also the price that traded. The shares were about 96 times higher a decade later, a gain of about 9,528% worked out from closes (source: Yahoo Finance). A gain that size in the past sets no pace for the next ten years.

What was AMD's share price when Lisa Su became CEO?

AMD stock closed at $3.28 on October 8, 2014 (source: Yahoo Finance). That was the day AMD's board appointed Lisa Su as president and chief executive officer (source: AMD 8-K, October 2014). Less than ten months into her tenure, on July 27, 2015, the shares hit their all-time closing low of $1.62. By September 25, 2026 they closed at $630.63, about 192 times the price on her appointment day, worked out from Yahoo Finance's split-adjusted closes.

What were AMD stock's best and worst years?

AMD stock's best calendar year in Stock Analysis's figures, which begin in 1980, was 2009, up 348.15%, followed by 2016, up 295.12%, and 1991, up 258.97%. Before 2016, the next best were 1983, up 167.66%, and 2003, up 130.65%. The worst years were 2008, down 71.20%, 2007, down 63.14%, and 2002, down 59.27%, while 2022's loss of 54.99% was the worst since 2016 (source: Stock Analysis).

What is AMD's 52-week high and low?

AMD's 52-week range is the span between its highest and lowest trading prices over the previous year. In the year from September 26, 2025 to the September 25, 2026 close, AMD's highest trade was $639.00, reached on September 25, 2026, and its lowest was $157.05, the intraday low of September 26, 2025 (source: Yahoo Finance). Starting that window one trading day later, on September 29, 2025, lifts the low to $159.33, the intraday low of September 30, 2025, so a 52-week figure depends on the day its one-year window starts (source: Yahoo Finance).

Researched and written by the BloFin Academy editorial team with AI-assisted drafting. All facts independently verified. Primary sources include AMD's investor FAQ and price history pages, its annual reports on Form 10-K for 2002 and 2008, and its current reports on Form 8-K from October 2006 to October 2025. They also include Yahoo Finance and Stock Analysis price histories, reporting by The Motley Fool, and BloFin's AMDUSDT listing notice, stock futures notice and forced-liquidation help page, current as of September 28, 2026.

Nothing in this article constitutes financial advice, and nothing in it is a recommendation to buy, sell or hold AMD in any form. AMD's record includes three falls of more than 90% and a wait of about 19 and a half years to regain one peak, and that record gives no date for the next fall or the next recovery. On a leveraged AMDUSDT position, a fall far smaller than those can take your margin down to the maintenance level, where BloFin can cut the position in part or close it. Outside regular weekday trading hours, and on weekends and market holidays, BloFin may accept only orders that shrink your position. Past performance does not indicate future results. Do your own research and consider your risk tolerance before you trade on BloFin.