Company Overview - Advanced Micro Devices (AMD) was founded in 1969 and went public in 1972, issuing 620,000 shares at $15.50 each [1] - Over the past five decades, AMD has undergone several stock splits, resulting in more than 1.6 billion outstanding shares [2] Stock Splits History - AMD's first stock split occurred in 1978, with a 3-for-2 ratio, followed by multiple splits in subsequent years [3][4] - Investors who bought one share at the IPO in 1972 now hold 27 shares due to these splits [4] Current Stock Performance - AMD shares have declined over 13% in 2025, which is more significant than the nearly 8% drop in the Nasdaq Composite [5] - The current valuation of AMD stock is at 32 times operating cash flow, which is below its five-year average cash flow multiple of 37, indicating a potential buying opportunity [5] Investment Consideration - AMD is positioned as a leading semiconductor stock, particularly for investors interested in artificial intelligence [6]