Advanced Micro Devices (NASDAQ: AMD) has been an incredible turnaround story. Under the guidance of CEO Lisa Su, AMD has made a comeback from chip industry underdog to technological leader. The stock is up over 1,570% over the last five years, capped off by a 17% run higher in the last month alone on the back of stellar second-quarter 2021 earnings.
AMD could have plenty left in the tank in the years ahead, but it isn't the only great chip stock benefiting from record demand for tech hardware. Three cheaper stocks worth a look right now are Skyworks Solutions (NASDAQ: SWKS) , Micron Technologies (NASDAQ: MU) , and Kulicke and Soffa (NASDAQ: KLIC) .
Nicholas Rossolillo (Skyworks Solutions): Skyworks Solutions is a leader in providing radio frequency and related circuitry that enables smartphones and other devices to connect to mobile networks and Wi-Fi. Most notably, Skyworks has strong ties to Apple (NASDAQ: AAPL) , with the iPhone maker comprising some half of revenue. Given the mobility boom of the 2010s, it was a fantastic market to be a supplier for. Skyworks' stock rose about 1,200% since the start of 2010.
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Love AMD Stock? Here Are 3 Better Chip Stocks to Buy Right Now