Can Anything Stop the Rise of AMD?
Advanced Micro Devices (NASDAQ: AMD) was the most talked about ticker in the semiconductor industry in 2019, more than doubling from its January 7, 2019 close of $20.57 to $48.60. If you believed in the company enough to buy into its sub-$2 stock circa July 2015, your returns come in at a whopping 2,415%.
AMD has seen peaks like this before – once during the early 2000 dot-com boom and again during the short-lived tech boom of 2006, when everyone thought VR would stick. But what goes up must come down, apparently. This is also a stock that has twice seen 80-90% losses over the course of 24 months.
So the short answer to the title question is an easy "yes." The rise of AMD has been stopped quite handily a number of times. The better question is will it happen again this time?
Source Fool.com
