Behavior of austenitic stainless steels has been studied at very high cutting speeds. Turning tests were carried out using the AISI 303 austenitic stainless steel. In particular, the influence of cutting speed on tool wear, surface quality, cutting forces and chip geometry has been investigated. These parameters have been compared when performing machining at traditional cutting speeds (lower than 350 m/min) versus high cutting speeds. The analysis of results shows that the material undergoes a significant change in its behavior when machining at cutting speeds above 450 m/min, that favors the machining operation. The main component of cutting forces reaches a minimum value at this cutting speed. The SEM micrographs of the machined surfaces show how at the traditional cutting speeds the machined surfaces contain cavities, metal debris and feed marks with smeared material particles. Surfaces machined at high cutting speeds show evidence of material side flow, which is more evident at cutting speeds above 600 m/min. Tool wear is located at the tool nose radius for lower cutting speeds, whereas it slides toward the secondary edge when cutting speed increases. An analysis of chips indicates also an important decrement in chip thickness for cutting speeds above 450 m/min. This study concludes that there is an unexplored range of cutting speeds very interesting for high-performance machining. In this range, the behavior of stainless steels is very favorable although tool wear rate is also significant. Nevertheless, nowadays the cost of tool inserts can be considered as secondary when comparing to other operation costs, for instance the machine hourly cost for high-end multitasking machines.