If You Invested $1,000 in AMD's IPO, This Is How Much Money You'd Have Now
Advanced Micro Devices (NASDAQ: AMD), the second-largest maker of x86 CPUs and GPUs in the world, was once just a scrappy start-up based in a living room. It was founded in 1969, just one year after its rival Intel (NASDAQ: INTC), and both chipmakers' founders were former employees of Fairchild Semiconductor.
AMD was initially a "second source" chip designer that modified chips from bigger firms like Fairchild. It eventually gained more customers across multiple industries, and went public in 1972. Let's take a look back at AMD's IPO to see how much an investment of $1,000 (just over $6,000 in 2019 dollars) would be worth today.
AMD CEO Lisa Su. Image source: AMD.
Source Fool.com
