Could AMD Be a Millionaire Maker Stock?
It's been over a decade since AMD (NASDAQ: AMD) spun off its semiconductor manufacturing segment, the company now known as GlobalFoundries. During the depths of the Great Recession, the deal was deemed necessary to help AMD survive, although AMD maintained the long-term vision was to refocus on technology, chip design, and better investment returns. The latter proved to be true.
While it was a bumpy road, AMD stock is up over 2,000% since the start of 2009. And while it generally still plays second fiddle to Intel (NASDAQ: INTC) and NVIDIA (NASDAQ: NVDA), at least as far as market share goes -- the former on CPUs (general-purpose computing processor units) and the latter on GPUs (for graphics and other specialty computing processes like AI) -- it has made great strides technologically and has been giving both of its larger peers a run for their money.
At this point, AMD is a large chip company in its own right. Now with a market cap of $60 billion, it could have been labeled an investment portfolio millionaire-maker stock a decade ago when it was trading for pennies compared to today's AMD dollar. But those were different times for this chip underdog.
Source Fool.com
