Last time AMD reached all time high was in 2000.
AMD is a semiconductor company that develops computer processors. Products include x86 microprocessors as standalone devices or in APUs(Accelerated processing unit), GPUs, SoC(system on Chip)
The company started in 1969 first making semiconductors for RAM. In 1981, IBM launched its PC and wanted Intel's x86 processors on the condition that Intel provided a second-source manufacturer. Intel chose AMD. In 2006, AMD bought ATI and became a direct competitor to NVidia(ATI makes Radeon which competes with NVidia GeForce.
Revenue segments: 1. Computer and Graphics 2. Enterprises, Embedded and Semi-custom
The stock price was boosted by the cryptocurrency boom in 2017.
The stock is cyclical mainly because of Moore's law which states that every two years, the number of transistors on a chip doubles.
The stock peaked in 2000, 2006 and 2018