Share prices of Advanced Micro Devices (NASDAQ: AMD) have climbed 454% over the last five years. An investment of $10,000 in AMD back in June 2019 would be worth $55,410 today. That's a lot of growth in a relatively short time. Can AMD continue to grow at this pace over the next five years?

This leading semiconductor continues to gain market share against Intel in the central processing unit (CPU) market, but it's targeting other opportunities in artificial intelligence (AI) that could lead to another great run for shareholders over the next five years.

At this point in 2019, AMD was executing against the growth strategy it outlined for investors at its Financial Analyst Day in May 2017. AMD was targeting higher gross margin as it shifted more sales to high-end chips, such as graphics processing units (GPUs), that generated higher margins. It was also talking about going after the CPU server market that was dominated by Intel.

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Source Fool.com