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).