AMD hasn’t split its stock since August 2000. Back then, the dot-com bubble was still inflating, “Y2K” was a fresh memory, and the company’s share price warranted a modest 2-for-1 division. Twenty-six years later, with shares closing at $519.06 on June 24 and a market cap approaching $860 billion, investors are starting to ask the obvious question.
The chipmaker’s meteoric rise, fueled by insatiable demand for AI infrastructure, has put a potential stock split squarely on the table. CFO Jean Hu has reportedly suggested that the company might seriously consider a split if shares approach $600, a threshold that doesn’t look particularly far away given AMD’s current trajectory.
The numbers behind the noise
AMD’s Q1 2026 earnings told the story of a company riding the AI wave with both hands on the board. Revenue hit $10.3 billion for the quarter, a 34% increase year-over-year.
The growth engine is data center services, which has become the beating heart of AMD’s business as enterprises scramble to build out AI capabilities. Strategic partnerships with OpenAI and Meta have given the company a front-row seat in the AI buildout.
