Advanced Micro Devices (NASDAQ: AMD) has split its stock six times since its IPO in 1972. If you had invested $10,000 in its initial public offering (IPO) at $15 a share, your 66 shares would have been split into 18,666 shares -- which are worth about $2.24 million today.

But it's been more than 24 years since AMD's last 2-for-1 stock split on Aug. 22, 2000. On the day before it executed that split, its stock closed at $68.88 a share. The split reduced its price to $34.13, and it's rallied roughly 250% since then.

AMD hasn't hinted at another stock split, but it might make sense now that it's trading at around $120 a share. Many other major chipmakers -- including Nvidia and Broadcom -- also recently split their stocks. So should investors expect AMD to finally split its stock again in the near future?

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Source Fool.com