Shares of Advanced Micro Devices (NASDAQ: AMD) were up 5.6% today as of 2:45 p.m. ET. Investors can thank the company for yet another quarter of incredible performance. AMD posted 49% year-over-year revenue growth in Q4 2021 and 68% growth for the full-year period. With management expecting $21.5 billion in sales in 2022, AMD is now one of the largest chip designers out there.
A decade ago, AMD's future looked tenuous at best. Fraught with financial trouble during the Great Recession of 2008-2009, it had parted ways with its chip manufacturing division (the company we now know as Globalfoundries ) so it could double down on semiconductor development -- a monumental task given Intel 's dominance in this department.
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AMD Stock Jumped More Than 5% Today -- Is It a Buy?