Prediction: 2 Stocks That Will Be Worth More Than AMD 5 Years From Now

Advanced Micro Devices stock had a terrible run on the market in 2024, losing almost 21% of its value, while the broader PHLX Semiconductor Sector index clocked healthy gains of 24% during this period.In fact, AMD has been underperforming the broader semiconductor industry over the past five years. This is evident from the 141% gains clocked by AMD during this period as compared to the 170% jump in the PHLX Semiconductor Sector index in the last five years. AMD's below-par performance can be attributed to multiple factors.The weakness in the personal computer market following the novel coronavirus pandemic, the soft demand for gaming consoles, and the chipmaker's failure to jump onto the artificial intelligence (AI) bandwagon while rival Nvidia ran away with this market have all contributed toward AMD's underperformance.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool