From Nasdaq:

Over the past few years, Advanced Micro Devices (AMD) (NASDAQ: AMD) has staged an incredible comeback. Under the leadership of CEO Lisa Su, the company has emerged as a leader in CPU, GPU, and embedded chips. AMD’s stock is surging, rising 127% in 2023 and reaching 52-week highs in late December.

Despite its remarkable success, it may be difficult for small investors to become millionaires from AMD stock. The company’s market cap now stands at almost $220 billion, approaching mega-cap status. To turn a $10,000 investment into $1 million, AMD’s market cap would have to reach nearly $22 trillion, a level that no company has yet achieved.

Although AMD is unlikely to single-handedly create millionaires, it remains a promising investment. The company has a history of outperforming indexes over the years, and its continued success makes it a solid choice for long-term investors. The stock Advisor service has more than tripled the return of S&P 500 since 2002, indicating potential for significant gains for investors.

In summary, while AMD is a strong investment choice, becoming a millionaire from the stock may be a lofty goal for small investors. Nonetheless, AMD’s continued growth and past successes make it a compelling option for those looking to grow their wealth over time.



Read more: Could AMD Stock Help You Become a Millionaire?