Where Will AMD’s Stock Be in 5 Years?
AMD's (NASDAQ: AMD) stock surged more than 1,400% over the past five years as the chipmaker executed a remarkable turnaround amid intense competition from Intel (NASDAQ: INTC) and NVIDIA (NASDAQ: NVDA). Let's look back at how AMD rebooted its business, and whether or not its momentum will continue over the next five years.
Dr. Lisa Su, an industry veteran who previously worked at Texas Instruments, IBM, and Freescale, joined AMD in 2012 as a senior VP and general manager of AMD's global business units. She was appointed its CEO in 2014.
Su diversified AMD's business beyond PCs by developing semi-custom chips for Microsoft (NASDAQ: MSFT) and Sony's (NYSE: SNE) gaming consoles and other embedded devices. Sales of those chips bolstered AMD's EESC (enterprise, embedded, and semi-custom) business, diversified its revenue away from PC chips, and generated stronger cash flows for the development of new x86 CPUs and gaming GPUs.
Source Fool.com
