There are very few chip makers in the world, and AMD is one of them.
- Intel is losing its performance lead in the desktop market
- AMD drives every major games console
- AMD is benefiting from blockchain technology (which won’t be dying in the immediate future, but that’s another debate)
- AMD is a downtrodden stock after years of losing ground to Intel, and now it’s regaining its footing the value should rise
Some negatives I’ve heard involve the amount of debt that AMD has taken on to survive, but I highly doubt they will go bankrupt before they recover, at this point.
I don’t believe it’s a meme stock at all, but it is a slightly riskier investment
Disclaimer: Consult your financial professional before making any investment decision.