Recently, Zacks.com users have been paying close attention to Advanced Micro (AMD). This makes it worthwhile to examine what the stock has in store.
Advanced Micro Devices (NASDAQ: AMD) and Qualcomm (NASDAQ: QCOM) both saw their stock prices surge to all-time highs last year, but both semiconductor plays have stumbled in recent months as rising interest rates drove investors out of tech stocks and into more conservative investments. AMD and Qualcomm are both "fabless" chipmakers, meaning they outsource the production of their chips to third-party foundries. It trails behind Intel and Nvidia in CPUs and GPUs, respectively, but it doesn't face any other notable rivals in either market.
AMD has been a stellar place for investors to park their cash over the last several years, providing a multitude of gains along the way.