AMD Turned $10,000 Into More Than $700,000 in a Decade. The S&P 500 Turned It Into About $42,000.

AMD delivered a 72-fold return over the past decade, turning $10,000 into $724,000, vastly outperforming the S&P 500's 320% return. The chipmaker's transformation from a struggling, unprofitable company in 2016 with $4.3 billion in revenue to a profitable powerhouse with $41.3 billion in annual revenue was driven by its dominant data center business. However, at a valuation of 124 times earnings, future returns will depend on earnings growth rather than multiple expansion.