Is an AMD Stock Split Likely After Aug. 4?

On Aug. 4, Advanced Micro Devices (NASDAQ: AMD) will announce its second-quarter earnings results. Management has guided for revenue in the range of $10.9 billion to $11.5 billion.

That earnings report is coming at a time when companies in the artificial intelligence (AI) space have experienced a sell-off, but those stocks are showing signs of a rebound. A strong earnings report from AMD could both boost its stock price and further fuel the broader sector's rally.

AMD is already trading well above $500 per share. If the stock price keeps rising, shareholders may wonder if a stock split could be on the table.Continue reading