Advanced Micro Devices Inc (AMD)

[peterquinnvet]

When it comes to state-of-the-art hardware, Advanced Micro Devices ( AMD 3.76% ) has become a household name. It produces some of the most sought-after semiconductors in the industry, with a lengthy portfolio of A-list customers.

AMD's chips can be found in top-selling gaming consoles like Sony's PlayStation, Microsoft's Xbox, and even Tesla's Model S and Model X electric vehicles. But that's not all -- the company also produces graphics cards for virtual reality purposes, designed to work with Meta Platforms' Oculus line of headsets, making it a potential player in the future of the metaverse.

AMD is firing on all cylinders from a financial perspective, delivering its highest full-year revenue result ever in 2021 of $16.4 billion, representing 68% growth over 2020. It also expanded its gross profit margin from 45% to 48%, helping the company more than double its non-GAAP earnings per share to $2.79.

AMD faces some incredible opportunities in the coming years across virtual reality, data centers, and gaming, making it the ultimate semiconductor stock offering broad exposure to the industry.

https://www.fool.com/investing/2022/03/08/5-semiconductor-growth-stocks-to-buy-now-and-hold/