https://wccftech.com/and-upside-operating-margin-2023/

Given the fact that Advanced Micro Devices, Inc (NASDAQ:AMD) is rightly an underdog in the industry, speculation about the company's future carries with it the potential to become controversial. Valuing the company based on assumptions about the future is tricky simply due to the fact that AMD is up against companies much bigger than it is - in terms of manpower, total assets, operational facilities, market share and other metrics.

Readers are reminded to recall that just a handful of years back, AMD wasn't generating confidence among investors, analysts and others. The company continually generated negative free cash flows in a worrying sign for a non-startup manufacturing concern, and the dire state of affairs at the time was admitted by AMD's chief financial officer Mr. Devinder Kumar at this year's financial analyst day when he commented on his company being able to achieve targets that it set for itself two years back.