AMD Stock Has More Than Doubled in 2026. Here's How Its Last 8 Doubles Played Out the Next Year.

AMD shares have surged more than 127% in 2026, reaching around $486 as of the current price. Over the past eight years, the stock has doubled in value during eight calendar years. Despite these impressive gains, AMD has not announced any dividends, so all price changes represent total returns. After a double, the stock has risen in four of the following eight years, resulting in a near 50-50 chance of a gain or loss.

The average gain in the year following a double is around 33%, but this average includes two years with exceptionally high gains of 168% and 100%. Conversely, the six years that followed the doubles saw an average decline of 18%. Only one instance showed a significant loss of over 20%, with the most severe decline happening in 2008, when AMD's stock dropped 71%.

Overall, AMD has lost money in 24 out of its 45 full calendar years, with an average decline of about 31%. In most cases, investors who owned AMD stock during a double year have retained most of their gains even after a subsequent year's decline.