AMD’s stock already had an exciting year in 2018. To top the year off, AMD announced today that it’s stock will be listed on the NASDAQ-100 index starting at market open on Monday, December 24, 2018. The Nasdaq index contains the 100 largest non-financial companies based on market capitalization. AMD will be joining ranks with tech juggernauts like Apple (AAPL), Amazon (AMZN) and Alphabet (GOOGL).
Ruth Cotter, SVP, Worldwide Marketing, Human Resources and Investor Relations
“Joining the NASDAQ-100 Index further demonstrates the progress we’ve made in recent years to transform the company, execute our long-term strategy and deliver a robust product and technology roadmap.”
Strong stock performance in 2018
AMD’s stock performed well in 2018. It started the year at $10.45 and ended on December 2018 at $ 18.46. An increase of almost 177%! The highlight of the year however, was September 25th, when it reached it’s highest price of the year: $33.60. A mind boggling increase of 321%!
A lot of investors have great expectations of AMD in 2019. Most of the analyst’s stock price predictions are higher than the current price and most rate AMD a ‘Strong buy’. Industry watchers have high expectations of AMD’s performance and delivery of new and innovative products.