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AMD · September 2015

AMD under $2: $1,000 into the company everyone wrote off

In late 2015 AMD traded under $2. It was losing to Intel in CPUs, losing to Nvidia in GPUs, carrying heavy debt, and the standing question in coverage was survival — not success. Zen was a roadmap slide almost nobody priced in.

$1,000 at the September 2015 month-end close (about $1.72 a share), held to 2026-09: $277,657 — a 278×.

$1,000 in Sep 2015$277,657Multiple278×Entry price$1.72

The best entries rarely feel like bargains — they feel like obituaries. This one paid for being early to a turnaround the market had stopped watching.

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