AMD (AMD) Stock Up 100-Fold, No Dividends Expected Soon

Advanced Micro Devices (AMD) stock has increased more than 100-fold over the decade ending in 2026, driven by demand for its CPUs and GPUs. The company experienced record revenue and profit growth in 2025, with R&D spending exceeding $8.09 billion, up from $1.983 billion in 2020. Despite its cash reserves, AMD does not plan to pay dividends and is focusing on stock repurchase programs. The company aims to reinvest earnings into its core business, particularly in AI-related research and development.