Could AMD Be a Millionaire-Maker Stock?
Semiconductor designer Advanced Micro Devices (NASDAQ: AMD) has been on a roll in recent years. The stock has gained 1,670% since the start of 2016 and 304% over the past two years alone. If you invested $50,000 in AMD five years ago, you're holding a position worth $1.07 million today.
AMD is already making millionaires out of ordinary long-term investors, but how much further can the stock rise?
A $50,000 investment in AMD is not likely to make you a millionaire. Repeating the stellar returns of the last half-decade would push AMD's share price above $900 per stub and the market cap would pass a trillion dollars.
Source Fool.com