Could Investing $50,000 in Advanced Micro Devices Make You a Millionaire?
Are you looking to turn a little bit of money now into a whole lot of money later? Investing in the right stocks offers one way to do just that. The question is, which stocks?
Some veteran investors will advise you to start by focusing on companies that are leaders in their respective industries. This advice presents something of a conundrum, however, for anyone familiar with the technology sector's most prolific companies. Many of those stocks are expensive and their growth prospects can be somewhat limited by their already large sizes. How do you grow something that is already huge?
Advanced Micro Devices (NASDAQ: AMD) is not the leader of either the computer processor market or the graphics processor market. Yet, the company and its stock are both performing incredibly well. Will this growth persist long enough to turn a $50,000 investment in AMD into a seven-figure stash at any point in your lifetime? Keep reading.
Source Fool.com
Advanced Micro Devices Inc. Stock
The stock is one of the favorites of our community with 93 Buy predictions and 2 Sell predictions.
With a target price of 175 € there is a slightly positive potential of 15.59% for Advanced Micro Devices Inc. compared to the current price of 151.4 €.
