Is Advanced Micro Devices Stock a Buy?

Microprocessor and computer graphics chip maker Advanced Micro Devices (NASDAQ: AMD) is on a roll these days. The stock is not only setting 10-year highs on a daily basis, but it also hovers roughly 10% below the all-time highs that were set back in the dot-com boom of 2000.

Is it too late to buy into AMD's fantastic growth story, or is the stock destined to climb even higher?

The chip designer's surge started in 2018, when several positive factors combined to drive the stock higher. Archrival Intel (NASDAQ: INTC) showed a chip in its mighty armor, running into issues that delayed the company's move into a next-generation manufacturing process. AMD's chipmaking partners escaped the woes that tripped up Intel, opening up a rare window of time where AMD held the manufacturing edge over its larger rival.

Source Fool.com