Is AMD Stock a Buy?

1 min read

Advanced Micro Devices (NASDAQ: AMD) has turned into one of the more notable tech comebacks. Under Lisa Su’s leadership, the company has gone from the brink of bankruptcy to becoming a fast-growth chip stock. But can new investors still profit from AMD’s success? Let’s take a closer look at the company and its financials to learn more.

When Su took over the company, the decline of the PC had decimated it. AMD had become a penny stock and appeared headed for bankruptcy.

According to CNN Business, to stage a comeback, Su first decided to focus on industry niches where AMD could rise to No. 1 or No. 2. This led to a focus on graphics processing units (GPUs) and central processing units (CPUs).

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