The comeback of Advanced Micro Devices (NASDAQ: AMD) is one of the more notable turnaround stories of the past decade. Investors left it for dead in the late-2000s as the decline of the PC appeared to leave it without a place in the semiconductor industry.

But thanks to the turnaround started in 2015 and orchestrated by CEO Lisa Su, AMD has become a formidable competitor. That success helped take the semiconductor giant's market cap to around $175 billion. Given its profitable growth, some are now asking whether AMD can become a $1 trillion stock by 2030. Let's explore the assertion and see if an answer arises.

Under Lisa Su, AMD narrowed its product offerings to CPUs and GPUs. Thanks to this focus, its processors for gaming and data centers have helped drive its revenue higher, even as client sales (meaning chips for PCs) have remained stagnant.

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Source Fool.com