AMD was on the ropes and sold the fabs to Global Foundries, which was financially backed by Saudi Arabia, I believe.
What Lisa Su has done with her company has been incredible. She thinks outside the box and for financials, they are always conservative (underpromise then overdeliver). Of course, she’s an engineer, too.
I bought AMD at $2.15 and rode it up most of the way.
It is beautiful we have another strong US chip company.
Nice!
I believe it was in the 80s when Intel farmed out some of its chip production to AMD...
I wish I had the foresight to buy at $2.15. I bought in at $7.50 and have been riding the wave. I was stupid and sold some when it crossed $40 thinking that was the upper end, boy was I wrong. I ended up re-buying the amount of stock I sold off around $42 and have been riding that up since.
Lisa Su is positively brilliant. Completely engineering a new CPU from the ground up and achieving the results they did is incredible. What a great turn-around for AMD and as a consumer of their CPU's for many years I'm thrilled for them.