Advanced Micro Devices' (NASDAQ: AMD) share price has surged by 54% over the past year, and many investors are wondering if the semiconductor stock has more room to run. Part of its gains have been driven by investors' optimism that chip companies will continue to benefit from increasing demand for new technologies like artificial intelligence (AI).
But to figure out whether or not AMD is a buy right now, let's look at what's going right for AMD and what could hold the company back.
A large portion of AMD's revenue comes from sales of its CPUs for personal computers. And while AMD has built a large business around this focus, that hasn't been much of a benefit lately. That's because PC shipments worldwide fell by 13% in the second quarter, according to IDC.
Source Fool.com