This Top Growth Stock Could Double Once Again
It has taken less than a year for shares of Advanced Micro Devices (NASDAQ: AMD) to double in value thanks to the company's impressive financial growth, driven by gains across diverse markets such as consumer graphics cards, central processing units (CPUs), and data centers.
AMD's hot rally looks justified considering that its revenue has shot up more than 41% year over year in the first nine months of 2020. The company's gross margin has increased two percentage points over the same period, while its diluted earnings per share have nearly quadrupled to $0.59 in the first three quarters of 2020.
Investors who have missed the AMD gravy train so far may feel disappointed, but it isn't too late to jump on this bandwagon, as this stock should be capable of replicating its terrific performance. Let's see why.
Source Fool.com
