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AMD Stock All-Time High Explained: Why AMD Is Going Up

BloFin Academy09/25/2026

A stock at a record high draws a crowd for a simple reason. There is no price above it on the chart, so nobody who ever bought it is sitting on a loss. That changes how people behave. Holders stop looking for an exit, latecomers decide they have waited long enough, and the news feed fills with the same headline written twenty ways.

The headline is the least useful part. A record tells you where the price is, and it tells you nothing about why it got there or how long the reasons will hold. Two stocks can set a record on the same afternoon, one because its business doubled and the other because a rumor spread. For about a week, the two charts look identical.

Few stocks have produced more of those headlines in 2026 than AMD. The chipmaker set three record closes in four sessions in the second half of September. Along the way it became only the fifth chip company valued at a trillion dollars or more, and it has nearly tripled since the start of the year. Every one of those headlines raises the question a record always raises: what got the price here, and will it hold?

AMD’s run is unusually easy to take apart, because each reason behind it can be dated and weighed. Its data-center business doubled in a year. Three of the largest AI companies have signed multi-year chip agreements with it. And a burst of news arrived in the same three weeks of September. 


What is AMD's all-time high?

AMD's all-time high is the highest price its shares have ever traded, and 2026 has reset it repeatedly. The record close is $629.26 and the highest intraday price is $630.80, both set on September 24, 2026 (source: Stock Analysis, AMD price history). The first close above $1 trillion of market value came on September 21, on the share count AMD reported for July 29 (source: AMD Form 10-Q, Q2 2026).

Records move, which is why a dated figure is worth more than the word itself. AMD set a record close of $615.52 on September 21, beat it the next session and beat it again on September 24. Three record closes in four sessions is what a stock in a strong run looks like, and the run is the thing worth understanding.

Three different numbers get called "the record", so it helps to keep them apart. The intraday high is the single highest trade of the day, and the highest so far was $630.80 on September 24. The close is the last price of the regular session, $629.26, and it is the number most charts plot and most comparisons use. The market cap, short for market capitalization, is the close multiplied by the number of shares that exist, and it is what the "$1 trillion" headlines mean (source: Stock Analysis, AMD statistics).

Each of the three numbers set a new record more than once in September: the close and the market cap on September 21, 22 and 24, and the intraday high on September 21, 22, 23 and 24 (source: Stock Analysis, AMD price history). Before September 21, the best close was $580.91 on June 30, 2026, with an intraday high of $584.73 the same day. The September 24 close beats that June close by 8.3% (source: Yahoo Finance, AMD historical prices). The market cap had never been within reach of $1 trillion before, because the June record would have needed about 1.72 billion shares to get there and AMD has about 1.63 billion.

That put AMD in a small group. Quartz counted four other chip companies valued at $1 trillion or more on September 21: Nvidia at about $5.4 trillion, Broadcom, Taiwan Semiconductor Manufacturing Company (TSMC) and Micron. Citing Bloomberg, it put the number of other publicly traded companies worldwide valued at that level at fifteen (source: Quartz, September 21, 2026). A year earlier AMD had not been in that conversation; it started 2026 near $214.

How AMD's $1 trillion market cap is calculated

The market cap is worth working through once, because it is the number that turned a good day into a milestone. AMD reported 1,632,475,042 shares outstanding as of July 29, 2026 in its most recent quarterly report (source: AMD Form 10-Q, Q2 2026). Multiply that by the September 21 close of $615.52 and you get about $1,004.8 billion, so AMD did not merely touch $1 trillion during the day; it closed above it. At the September 24 close of $629.26 the same arithmetic gives about $1,027.3 billion.

Say you want to know the price at which the line was crossed. Divide $1 trillion by the share count and you get $612.57. That is why every headline arrived on the same afternoon: the stock opened at $583.88, crossed $612.57 during the session and finished above it. At the open the market cap was about $953 billion, so the whole distance from "not yet" to "trillion-dollar company" was covered in one day (source: Yahoo Finance, AMD historical prices).

The share count is the part people forget. It changes every quarter, with shares issued to employees and shares bought back. In AMD's case there are also 320 million more that could one day be issued to OpenAI and Meta under warrants, rights to buy AMD shares at one cent each, written into their supply agreements. A market cap is therefore a snapshot of two moving numbers, and both market-cap figures are true at the close each names, on the July 29 share count. To see how a stock that began the year near $214 ended up there, start with the road.


How AMD stock got to a record in 2026

AMD's 2026 run took the close up 194% by the September 24 record and included a fall of a quarter along the way. The daily closes show the path more clearly than any single day's headline: a record in June, a low in late July, and three new record closes in September (source: Yahoo Finance, AMD historical prices).

Date

Close

What happened

December 31, 2025

$214.16

The year's starting line

June 30, 2026

$580.91

The previous record close; the day's high of $584.73 stood as the record until September

July 29, 2026

$429.56

The July low, 26% below the June record, after a report that DeepSeek was designing its own AI processor and a wider worry about AI spending (source: The Motley Fool, August 10, 2026)

August 4, 2026

$518.58

Second-quarter results after the close: revenue up 50%, data-center revenue more than doubled (source: AMD Q2 2026 results)

August 5, 2026

$482.05

Down 7% the next day; the guide for the third quarter was read as short of what the market hoped

September 8, 2026

$505.74

Up 5.9% after the chief financial officer restated the company's $2 trillion 2030 market estimate at an investor conference (source: Stock Analysis, AMD Citi conference transcript)

September 14, 2026

$493.41

Down 4.4% after a weekend essay from Anthropic's chief executive asked AI labs to slow down (source: 24/7 Wall St, September 14, 2026)

September 21, 2026

$615.52

A record close, up 9.95% on the day and 24.7% over five sessions (source: Yahoo Finance, AMD historical prices)

September 22, 2026

$623.77

A second record close in two sessions; the day's high was $624.52

September 23, 2026

$614.61

A lower close after a new intraday high of $624.69

September 24, 2026

$629.26

A third record close, with a new intraday high of $630.80 (source: Stock Analysis, AMD price history)

From the last day of 2025 to the September 24 close, the stock rose 194%. From the June record to the late-July low it fell 26%, and from the July low to that September close it rose 46%. Both moves happened while AMD's revenue was growing by more than a third a year, 38% on a year earlier in the first quarter and 50% in the second (source: AMD Form 10-Q, Q2 2026). That is the first thing a record should teach you: the price and the company move on different clocks.

The July decline started the day after the June record and ran for four weeks. Its causes were a report that DeepSeek, a Chinese AI developer, was designing its own AI processor, and a broader worry that AI spending had run ahead of AI revenue (source: The Motley Fool, August 10, 2026). The August fall came the morning after the company's own results. Revenue up 50% and a data-center business that had doubled were judged against a third-quarter forecast that fell short of the highest analyst estimates (source: Yahoo Finance, August 5, 2026). Neither fall had anything to do with a bad quarter. What moves AMD's stock price ranks the standing reasons a stock like this moves, and AMD's stock price history and cycles carries the longer record back through 2015.

The five sessions that broke the June record

The run that set the record started from a fall. On Saturday, September 12, 2026, Anthropic's chief executive Dario Amodei published an essay called "We Must Pace the Frontier". It asked AI companies to slow the pace at which they improve their models so that safety work can catch up. It also said plainly that pacing "does not mean halting model training or technical progress" (source: Dario Amodei, We Must Pace the Frontier). Chip stocks fell on the Monday anyway, in a move 24/7 Wall St read as traders unwinding positions rather than cutting their estimates of chip orders. AMD closed 4.4% lower at $493.41 after trading down about 6% during the day (source: 24/7 Wall St, September 14, 2026). Anthropic is also an AMD customer, with an agreement to deploy up to 2 gigawatts of AMD's newest chips (source: AMD, July 22, 2026). The company writing the essay was one of the companies the market was worried about.

The next five sessions went the other way, each higher than the last: 2.2%, 1.6%, 6.4%, 2.7% and then 9.95% on Monday, September 21. Compounded, that is 24.7%, from $493.41 to $615.52, and the last day alone carried the stock from below the June record to a new one (source: Yahoo Finance, AMD historical prices). The run had more than one cause, and the causes are not equal.


Why AMD stock is going up

AMD stock is going up for three reasons, in this order. Its data-center business, the part that sells chips to companies building AI systems, more than doubled in a year. Three of the largest AI companies have agreements for up to about 14 gigawatts of AMD chips. And a run of September news lifted a sector that was already rising.

The ranking matters because the three reasons have different lifespans. The data-center numbers are reported every quarter, so they are the reason that can be checked and the one that will decide whether the record holds. The customer commitments run for years and turn into revenue slowly, so they are the reason the market is willing to pay for growth it has not yet seen. The September news is the reason for the timing. It explains why the record came in the third week of September rather than in October, and most of it will be forgotten by the next quarterly report.

The price itself shows why the September news ranks third. The stock went from $214.16 at the end of 2025 to $580.91 by June 30, after the OpenAI and Meta agreements and before any of the September news existed. That leg was worth about $367 a share. The September run added $122 a share in five sessions, from $493.41 to $615.52, and almost half of that came on the single day the sector rallied (source: Yahoo Finance, AMD historical prices). A record built mostly on the third reason would be a different, and more fragile, record than this one.

The data-center numbers behind the record

AMD's second-quarter results, reported on August 4, 2026, put revenue at $11.5 billion, up 50% on a year earlier. Data-center revenue was $6.7 billion, up 107%, and the company forecast about $13 billion of revenue for the third quarter (source: AMD Q2 2026 results). Data-center revenue was 58% of the company, and that share is why a stock once priced as a maker of PC processors now trades like an AI company.

On the results call, chief executive Lisa Su said the company was "tracking materially ahead of the long-term financial model we shared at our Financial Analyst Day". She said it expected to "significantly exceed our $20 annual EPS target within our strategic timeframe". And she said the Helios rack systems built around its MI450 chips were in production, with "initial shipments on track to begin later this quarter and ramp through the fourth quarter and into 2027" (source: AMD Q2 2026 earnings call transcript). EPS means earnings per share, which is the company's profit divided by its share count. AMD earned $3.90 a share over the last twelve months (source: Stock Analysis, AMD statistics). That $20 target is on AMD's adjusted basis, which leaves out some costs that standard accounting (GAAP, short for generally accepted accounting principles) counts. So it does not compare directly with the $3.90, but it shows the scale of the promise the price now rests on. How to read an AMD earnings report walks through which lines the market reads first.

Up to 14 gigawatts of AI compute agreements

The second reason is a set of signed agreements. A gigawatt is a measure of the electrical power a data center draws, and AI companies now size their chip orders in gigawatts because the power is the scarce thing. OpenAI signed a product purchase agreement with AMD in October 2025. It made a binding commitment to buy the first gigawatt of MI450 Series GPUs, the graphics processing units AMD sells for AI data centers (source: AMD Form 8-K, October 6, 2025). Meta signed for up to 6 gigawatts in February 2026, built on a custom version of the same chip (source: AMD, February 24, 2026). AMD's quarterly filing describes both as multi-year agreements under which each customer intends to deploy up to 6 gigawatts of AMD data center GPUs (source: AMD Form 10-Q, Q2 2026). Anthropic followed in July 2026 with up to 2 gigawatts, and in that deal AMD also committed to invest up to $5 billion in Anthropic (source: AMD, July 22, 2026).

Only the first gigawatt each for OpenAI and Meta is a binding commitment; the rest are ceilings. None of that had shown up as revenue by the second-quarter report. The first gigawatts ship in the second half of 2026 and the first half of 2027, and the rest would follow over the multi-year terms of the agreements. What the agreements did was give the market a floor under the data-center forecast. The AMD and OpenAI deal explained sets out how the first and largest of them is built.

The September catalysts

The third reason is a run of news that arrived in the same three weeks. On September 8, at an investor conference, chief financial officer Jean Hu restated that AMD's market opportunity reaches $2 trillion by 2030 (source: Stock Analysis, AMD Citi conference transcript). The company had used that figure since July (source: The Motley Fool, September 12, 2026). The Motley Fool reported the remarks as a range of $2 trillion to $3 trillion, and the stock rose about 6% on the day of the remarks (source: The Motley Fool, September 12, 2026). On September 18, supply-chain reports said AMD had told customers to expect prices about 10% higher on its AI chips, graphics processors and chipsets from the fourth quarter. The reason given was higher costs at TSMC, the company that manufactures AMD's leading chips. The report came from channel sources, not from AMD, and it did not mention Ryzen PC processors (source: TrendForce, September 18, 2026).

Then came September 21, which was a sector day as much as an AMD day. The week before, Bank of America's chip analyst had raised his estimate of the 2030 chip market from $2.7 trillion to $3.2 trillion. The state dinner President Trump was about to host for China's Xi Jinping, with the industry's chief executives expected to attend, added to the mood (source: Yahoo Finance, September 21, 2026). The dinner was set for September 24 at the White House, with the chief executives of Microsoft, Nvidia, OpenAI and Qualcomm and Apple's executive chairman expected among the guests (source: Parameter, September 21, 2026). And Meta's new Muse AI agent had climbed to the top of Apple's App Store, which Quartz said stoked demand for shares of the companies that supply the processors agentic AI runs on. The Philadelphia Semiconductor Index gained more than 4% (source: Quartz, September 21, 2026). By the close, Intel was up 12% and Arm 17%, on Stock Analysis's price records. AMD rose almost 10% on a day the whole sector rose, and Intel and Arm rose more. The same session took AMD's close above $600 for the first time.


The $600 line: What the OpenAI and Meta warrants mean

Crossing $600 matters to AMD for a reason written into two contracts. When AMD signed OpenAI and Meta, it gave each a warrant: a right to buy up to 160 million AMD shares at one cent each. It vests in stages tied to chip purchases and AMD's share price (source: AMD Form 10-Q, Q2 2026).

The first part is chips. A stage of the OpenAI warrant vests after OpenAI has bought a set number of gigawatts of AMD chips. The first stage vests when the first gigawatt of the MI450 family is delivered, and the stages end at 6 gigawatts bought for the full 160 million shares. The second is the share price: each stage has a price target, with the targets rising to "$600 per share for the final tranche", and the OpenAI warrant also carries stock-performance thresholds (source: AMD Form 8-K, October 6, 2025). The published filings redact the vesting schedule, so they do not say how a price target is measured. Meta's warrant is built the same way, with its first stage vesting on the shipment of the first gigawatt and its price thresholds also rising to $600 (source: AMD Form 8-K, February 24, 2026). Even a vested stage cannot be turned into shares until further technical and commercial conditions are met.

So $600 is the price target for the last stage of each warrant, not a switch that vests it. The gigawatts have to be bought too, and the first of them ship in the coming quarters. AMD's quarterly report is explicit that as of June 27, 2026 "no warrant shares had vested or become exercisable". AMD says the warrants will be classified as liabilities until they meet the tests for equity, and that as of that date they had no impact on its financial statements. They expire on October 5, 2030 and February 23, 2031 (source: AMD Form 10-Q, Q2 2026).

The warrants and AMD's share count works through what 320 million new shares would do to a count of 1.63 billion. The price crossed a line that the two customers holding AMD's warrants were paid to want it to cross, and a price is only ever a multiple of something.


What a $1 trillion AMD is priced on

At the September 24 close of $629.26, AMD traded at about 160 times its earnings of the last twelve months, which were $3.90 a share. It traded at about 57 times the earnings analysts expect over the next twelve months (source: Stock Analysis, AMD statistics). Those two numbers are the whole argument about the record, compressed.

A price-to-earnings ratio, or P/E, is the price divided by earnings per share, and it tells you how many years of current profit the market is paying for. The trailing figure is high because it looks backward at a year in which AMD was still ramping; the forward figure is lower because it assumes the ramp continues. You will see a wide range of trailing figures in the press that week, and they can all be correct on their own terms. Some use the profit AMD reports under standard accounting, some use the higher adjusted profit AMD also publishes, and some were computed at a different price.

The number that matters more than any of them is what management has said the earnings will become. On the August call the company said revenue would grow "substantially above" its earlier target of more than 35% a year. It also said it would significantly exceed $20 of annual EPS within its planning window (source: AMD Q2 2026 earnings call transcript). Say you take the company at its word and put $20 of earnings against the record price. Then $629.26 divided by $20 is about 31 times those adjusted earnings, a different basis from the 160 times trailing earnings reported under standard accounting. Whether that is cheap or dear depends on how likely you think the $20 is, and how soon. How AMD stock is valued sets out each way of judging it without picking one. A multiple that high is a promise the company has to keep, and the same year has already shown what happens when the market doubts it.


AMD stock risks after the record high

The same year that produced the record produced a fall of a quarter in July and a sharp one-day drop in September, and neither came from AMD's own numbers. A stock priced on a doubling of its data-center business is sensitive to any news about AI spending.

The July fall came as chip stocks sold off on fears that AI companies were overspending, and a report that DeepSeek was designing its own AI processor made it worse (source: The Motley Fool, August 10, 2026). The September 14 fall followed the pacing essay (source: 24/7 Wall St, September 14, 2026). In both cases the price moved before AMD's next quarterly results could confirm or deny the worry. Before you treat the next fall as a sign that the reasons behind the record have stopped holding, check whether AMD itself changed its results or forecast that day.

The other risks are the ordinary ones for a company in AMD's position. The MI450 chips and Helios systems have to ship on the schedule the company gave. Nvidia uses its proprietary software ecosystem to influence the customers AMD sells to (source: AMD Form 10-Q, Q2 2026). AMD relies on TSMC to make all of its processor and graphics chip wafers at 7 nanometers and smaller, and its China sales are subject to US export controls (source: AMD Form 10-Q, Q2 2026). The essay that moved the stock on September 14 also urged the US not to sell powerful AI chips to China (source: Dario Amodei, We Must Pace the Frontier). Three customers account for the up to 14 gigawatts, and 320 million warrant shares wait behind the price. Is AMD stock a good investment sets the bull case and the bear case side by side. For anyone holding AMD through a leveraged contract, though, one more thing matters more than any item on that list.


What a record high means if you trade AMD on BloFin

On BloFin, AMD trades as the AMDUSDT Perpetual, a contract that tracks AMD's share price through an index and settles in USDT. As of September 25, 2026, it offers leverage of up to 20x and a minimum order of 0.01 AMD (source: BloFin, AMDUSDT contract details). You hold no share, and the record reaches you through that index.

That difference showed clearly over the weekend of September 19 and 20. AMD closed on Nasdaq at $559.82 on Friday, September 18, and the stock did not trade in a regular session again until Monday morning. The AMDUSDT Perpetual kept trading, and so did its index. Through Saturday and Sunday both moved between about $553 and $558, roughly 1% under Friday's close. From Sunday evening in the United States they began to climb, and they reached about $580 by the time Nasdaq opened on Monday. The rest of the day's move, from $580 to above $610, arrived in the first hour of the Nasdaq session, because that is when the stock itself could trade.

So a long position opened on Friday saw about a third of Monday's gain before the open and most of the rest in the hour after it. A short opened on Friday could not count on adding to the position over the weekend. BloFin may restrict the AMDUSDT Perpetual to reduce-only orders, meaning orders that can only close a position, outside the underlying market's regular hours (source: BloFin, AMDUSDT listing notice). Weekend gap risk on the AMD perpetual is the page for what a gap does to a leveraged position and where a stop can and cannot help.

Holding through the run cost little. Funding on the AMD perpetual is paid every eight hours by whichever side is more crowded. Across the 21 settlements from the start of September 15 to the close of September 21 (UTC), the rates added up to about 0.17% of the position. That is roughly a dollar per AMD held long at these prices. The largest single payment, 0.062%, landed in the settlement at the start of Monday, UTC, which was Sunday evening in the United States, when the contract was already bid up (source: BloFin, AMDUSDT funding history). Against a price gain of $122 per AMD over the same sessions, funding was a rounding error, which is the normal shape of a trending week. The AMD perpetual's funding rate shows what a flat or falling week looks like instead.

The last thing a record changes is the arithmetic of leverage. AMD moved 9.95% in one session to set the first of its September records, and 7% the other way the day after its results. The 9.95% rise was more than a 10x short opened at Friday's close could survive, because a 10x position is liquidated before the price has moved the full 10% against it, once maintenance margin is counted. Sizing a position on the AMD perpetual carries the liquidation table for each leverage level.

How to trade AMD with leverage on BloFin walks through the order itself. Copy trading on BloFin lets you mirror another trader's positions instead, but on September 25, 2026, BloFin's copy-trading list did not include AMDUSDT, so a copied position could not hold AMD that day.

The price and the funding rate as they stand today are on the AMDUSDT Perpetual page.


The dates that will test AMD's record

A record is a date on a chart, and in AMD's case the date moved three times in four sessions. The September records rested on a data-center business that had doubled in a year, up to 14 gigawatts of agreements, a run of September news, a $600 line in two contracts and a price of about 160 times trailing earnings.

Two dates ahead will test it, and a third has just passed. The next quarterly report will show whether the third quarter landed near the $13 billion the company forecast and whether the first Helios systems shipped as promised (source: AMD Q2 2026 results). It is the first quarter in which the record's main reason can be checked against a number. The first gigawatt shipments to OpenAI are due to begin in the second half of 2026 (source: AMD and OpenAI announcement, October 6, 2025). Meta's are on the same schedule (source: AMD, February 24, 2026). They are the point at which the warrant stages start to vest and the commitments start to become revenue. The third was the state dinner of September 24, which the market rose into: the two governments extended their trade truce by two months (source: Associated Press, September 24, 2026). They announced no easing of restrictions on advanced chips (source: Saxo, September 24, 2026). AMD's sales to China therefore stay under the export rules described above, and the stock set its third record close the same day.

Another record, or a fall of a fifth from the latest one, changes the numbers and the date, and the reasons then need weighing again. Either way, the arithmetic is the same. Shares outstanding times price is the market cap, the price is a multiple of earnings, and the earnings are a promise until a quarterly report turns them into a number. A reader who keeps those three relationships straight can read the next record, and the next drawdown, without waiting for someone else to explain it.

Looking to trade the AMDUSDT Perpetual? To get started, you'll need to first create a BloFin account, fund your account with cryptocurrency, and navigate to the AMDUSDT Perpetual trading page.


Frequently asked questions

What is the highest AMD stock has ever been?

AMD's highest price is $630.80, reached during the session of September 24, 2026, and its highest close is $629.26, set the same day (source: Stock Analysis, AMD price history). The record that stood before 2026 was set on October 29, 2025, three weeks after the OpenAI agreement was announced, when the shares reached $267.08 during the day and closed at $264.33 (source: Stock Analysis, AMD price history). The latest record close is 2.4 times that one, reached in under eleven months.

What would AMD be worth at $1,000 a share?

At $1,000 a share, AMD would be worth about $1.6 trillion on its count of 1,632,475,042 shares outstanding as of July 29, 2026 (source: AMD Form 10-Q, Q2 2026). That is about 59% more than the $1,027.3 billion it reached at the record close of $629.26 on September 24, 2026. The figure describes the share count and says nothing about whether the price gets there. The count also moves every quarter, and it would rise by up to 320 million shares if the OpenAI and Meta warrants vested and were exercised in full.

Why did AMD stock fall on September 14, 2026?

AMD fell 4.4% to $493.41 on September 14, 2026, the first session after Anthropic's chief executive Dario Amodei published "We Must Pace the Frontier". OpenAI's Sam Altman backed the essay the same morning while saying pacing does not mean "stopping" (source: 24/7 Wall St, September 14, 2026). AMD had made the loss back by September 17, closing at $545.09, above its $516.13 close of September 11 (source: Yahoo Finance, AMD historical prices).

Does AMD crossing $600 give OpenAI or Meta their shares?

Reaching $600 does not by itself vest either warrant's final stage, because $600 is only its price target. The OpenAI warrant's final stage also needs 6 gigawatts bought and stock-performance thresholds met (source: AMD Form 8-K, October 6, 2025). The Meta warrant's final stage also needs 6 gigawatts bought (source: AMD Form 8-K, February 24, 2026). Each warrant covers up to 160 million shares at $0.01 each (source: AMD Form 10-Q, Q2 2026). If every stage vested and was exercised, together they would add 320 million shares, about 19.6% of the 1,632,475,042 shares outstanding on July 29, 2026. AMD would collect about $3.2 million for shares worth about $201 billion at the September 24 close.

What would $10,000 in AMD five years ago be worth today?

AMD closed at $105.80 on September 24, 2021 and at $629.26 on September 24, 2026. So $10,000 of shares bought at the first close would have been worth about $59,480 at the second, before any fees or taxes (source: Yahoo Finance, AMD historical prices). AMD paid no dividends over the period, so the return is entirely the change in price. The same five years included a fall of more than half between the end of 2021 and the autumn of 2022.

Will AMD split its stock at $600?

AMD has not announced a stock split, and its last split was a two-for-one in August 2000 (source: AMD, stock split history). A split changes the number of shares and the price per share by the same factor and leaves the market cap unchanged. A two-for-one at the September 24 close of $629.26 would mean twice as many shares at about $315. What a split would do to a position on the AMDUSDT Perpetual is set by BloFin's notice for each corporate action, and AMD stock splits explained covers the record and the mechanics.


Researched and written by the BloFin Academy editorial team with AI-assisted drafting. All facts independently verified. Primary sources include AMD's second-quarter 2026 results release and earnings call, its Form 10-Q for the quarter ended June 27, 2026 and its Forms 8-K of October 6, 2025 and February 24, 2026 filed with the SEC, AMD's announcements of February 24 and July 22, 2026, the Yahoo Finance and Stock Analysis price records, Dario Amodei's essay of September 12, 2026, reporting by the Associated Press, Saxo, TrendForce, Quartz, Parameter, The Motley Fool, 24/7 Wall St and Yahoo Finance in August and September 2026, the Stock Analysis transcript of AMD's Citi conference session, and BloFin's AMDUSDT listing notice, contract, funding and market data, current as of September 25, 2026.

Nothing in this article constitutes financial advice, and nothing in it is a recommendation to buy, sell or hold AMD in any form. A record high describes where the price has been, and the same year that produced this one also produced a fall of more than a quarter in four weeks. On the AMDUSDT Perpetual, a single session like September 21 can liquidate a leveraged position on the wrong side, funding is paid or charged every eight hours, and outside the Nasdaq session BloFin may accept only orders that reduce a position. Past performance does not indicate future results. Do your own research and consider your risk tolerance before you trade on BloFin.