AMD Stock Is a No-Brainer Buy If the CEO's Forecast Is True
Investing in semiconductor stocks has generally been a good move for investors of late. In the past three years, the VanEck Semiconductor ETF has risen by just around 80%, which is a far more impressive performance than the S&P 500 and its 38% gains over that time frame. One chipmaker that has been an underwhelming investment, however, is Advanced Micro Devices (NASDAQ: AMD), also known as AMD. While the market has been rallying and chip stocks have been hot buys, AMD stock is down around 10% over the past three years. Its lackluster growth simply hasn't given investors a reason to be too excited with its results and future prospects. But if its CEO is correct and the company is on the cusp of some significant growth, buying the tech stock today could result in some fantastic returns for investors in the not-too-distant future.Continue reading
Investing in semiconductor stocks has generally been a good move for investors of late. In the past three years, the VanEck Semiconductor ETF has risen by just around 80%, which is a far more impressive performance than the S&P 500 and its 38% gains over that time frame.
One chipmaker that has been an underwhelming investment, however, is Advanced Micro Devices (NASDAQ: AMD), also known as AMD. While the market has been rallying and chip stocks have been hot buys, AMD stock is down around 10% over the past three years. Its lackluster growth simply hasn't given investors a reason to be too excited with its results and future prospects.
But if its CEO is correct and the company is on the cusp of some significant growth, buying the tech stock today could result in some fantastic returns for investors in the not-too-distant future.
