Is AMD Stock Your Ticket to Becoming a Millionaire?

Buying and holding solid stocks for a long time is a tried-and-tested way of making money in the stock market, as this strategy helps investors capitalize on secular growth opportunities and disruptive trends while also allowing them to benefit from the power of compounding.This explains why an investment of $1,000 in shares of Advanced Micro Devices (NASDAQ: AMD) a decade ago would now be worth more than $33,500. And that's despite the sharp pullback in the company's shares over the past month. AMD has significantly outperformed the Nasdaq Composite index's returns of 235% in the past decade, driven by its market share improvements in central processing units (CPUs), which are deployed in servers and personal computers (PCs).AMD is sitting on solid catalysts that could help it replicate its terrific performance in the future. Of course, putting all your money on AMD and expecting it to deliver life-changing returns that could make you a millionaire is not a feasible idea. However, AMD could deliver solid long-term returns and help investors in constructing a million-dollar portfolio.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool