AMD parties like it’s 1999

Chip challenger AMD has seen its share price reach an all-time high, beating a record it set at the height of the dotcom era in 2000.

Its shares climbing over seven per cent and are now worth $49.10.

AMD was the best-performing S&P 500 company last year, according to Bloomberg, with its valuation climbing over 150 percent.

The growth started around the beginning of 2016, with the vendor’s share price climbing over 2000 per cent since.

AMD is expected to continue its upward trajectory after strong product launches last year.

Partnerships with Microsoft and HP boosted AMD’s standing with chips going under the bonnet of HPs new Chromebook and Microsoft’s launched its new Surface Laptop 3 with custom-built AMD Ryzen chips.