In the world of investing, there’s a disclaimer that has become practically cliche: “Past performance is no guarantee of future results.” Put simply, just because a stock or other investment has produced a certain return in recent history doesn’t mean that you can expect it to continue following precisely the same path.
Still, it’s instructive to examine how a company and its stock have done over a period of time when attempting to gauge its prospects.
Taking a longer-term view of semiconductor company Advanced Micro Devices (NASDAQ: AMD), how much would investors have if they’d invested $10,000 in the stock five years ago?