Prediction: Even After Soaring 180%, a Stock Split Isn't on the Horizon for AMD. Here's Why.
AMD stock has significantly outperformed Nvidia over the last year.
Overview
Over the past year, shares of Advanced Micro Devices (NASDAQ: AMD) have surged roughly 180%. Despite a 17% drawdown in the last two months, this outpaces the gains posted by its large rival Nvidia (NASDAQ: NVDA), whose stock advanced only 23% during the same period.
This performance gap translates into an AMD share price above $480. But even so, I think a stock split remains unlikely in the near term. Let's dig into why.
Image source: The Motley Fool.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.