Prediction: AMD Could Surge by 111% in the Next 2 Years

Advanced Micro Devices (NASDAQ: AMD) has been one of the biggest success stories over the last decade in the semiconductor industry.Under the guidance of CEO Lisa Su, the company has reinvented itself after a long history as an also-ran in the industry. It shed its foundry business to become a dynamic fabless chip designer that has steadily grabbed market share from Intel in the PC market, and it's emerged as a promising maker of artificial intelligence (AI) GPUs in the data center market.Over the last decade, AMD stock is up more than 4,000%, but lately, its fortunes have reversed. Over the last year, the stock declined nearly 40% as AMD's AI business grew slower than investors hoped.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool