Why AMD Can Become a Trillion-Dollar Stock
The world's appetite for semiconductors has increased big time, as the world is using more and more chips in various applications ranging from smartphones to data centers to cars to video games. IDC estimates that global semiconductor demand could jump 17.3% in 2021, which would be a nice bump over last year's increase of 10.8%.
Advanced Micro Devices (NASDAQ: AMD) has been a big beneficiary of this trend as its chips are used in some fast-growing niches, which has triggered impressive growth in the company's top and bottom lines. Investors have rewarded AMD's terrific growth with huge stock market gains, with the tech company's market capitalization jumping 2,100% in the past five years to nearly $136 billion as of this writing.
AMD Market Cap data by YCharts
Source Fool.com
