Advanced Micro Devices (NASDAQ: AMD) has come a long way since its founding more than 50 years ago. The company has achieved lucrative positions in different areas of tech. However, the road to success hasn't always been easy for AMD.

When Lisa Su took the position of chief executive officer in October 2014, the company was on the brink of bankruptcy, with its stock trading at an all-time low of just over $3 per share. However, in the years after Su's appointment, the company halted investment in markets outside its core competency and focused on what it does best: high-performance central and graphics processing units (CPUs and GPUs).

Shedding excess divisions allowed AMD to become a leader in an industry that now fuels high-growth sectors like artificial intelligence (AI), supercomputing, and video games. In fact, with the launch of its Ryzen line of CPUs, the company has consistently taken market share from Intel. AMD's share in CPUs has grown from 18% in 2017 to 36% in the fourth quarter of 2023, while Intel's has dwindled from 82% to 61%.

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Source Fool.com