The advent of artificial intelligence (AI) in 2023 meant potent computer processing power was suddenly in high demand. This was a boon for semiconductor chipmaker Advanced Micro Devices (NASDAQ: AMD), which produces high-performance chips well suited to AI.

This hunger for AI products helped to drive the company's stock price from a 52-week low of $67.27 last January to a high of $151.05 by December. So, does AMD's dramatic stock price surge mean it's now too late to buy shares?

As 2024 kicks off, the stock remains near its 52-week high. But could it potentially rise even higher? Digging into the company can help to assess whether AMD is a worthwhile investment.

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Source Fool.com