Where Will AMD's Stock Be in 1 Year?
Advanced Micro Devices' (NASDAQ: AMD) stock surged more than 180% over the past 12 months as the chipmaker continued its multiyear comeback. Shares of its chief rival, Intel (NASDAQ: INTC), stayed nearly flat. Let's look back at why AMD impressed the bulls and where its stock could be headed over the next year.
When Dr. Lisa Su took over as AMD's CEO in late 2014, the chipmaker was struggling to compete against Intel in the CPU market and NVIDIA (NASDAQ: NVDA) in the GPU market.
To catch up, Su leveraged the growth of AMD's enterprise, embedded, and semi-custom (EESC) unit -- which generated most of its revenue by selling APUs for Sony's (NYSE: SNE) PS4 and Microsoft's (NASDAQ: MSFT) Xbox One -- to support the development of new CPUs and GPUs to counter Intel and NVIDIA.
Source Fool.com
