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Tech mogul Lisa Su has built Advanced Micro Devices Inc. (NASDAQ:AMD) into a multi-billion dollar company that takes on chip industry players like Nvidia and Intel.
What happened: Su was named Time Magazine’s CEO of the year for her leadership and focus on innovation in fields such as data centers and artificial intelligence.
Her thoughts on artificial intelligence, the semiconductor industry, and other emerging technologies have long piqued the interest of industry watchers and aspiring tech entrepreneurs.
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However, one little-discussed aspect of Su’s personality has been her views on blockchains, another technology projected by some to revolutionize many facets of life in the 21st century.
During an interview with CNBC on April 26, 2018, Su described blockchain as a “very important” technology in the long term.
“I mean, if you think about it, the idea that you can do all of these peer-to-peer transactions, a decentralized network. It’s a good technology,” AMD’s top executive said. “But it’s a bit of a distraction, frankly, in the short term.”
Lu stressed the company’s strong growth story and advised people to focus on the “core” market.
“I think what I would say is people are watching sort of the day-to-day what Bitcoin does and thinking that somehow it relates to our day-to-day sales. I would say it doesn’t.”
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Let’s assume you were intrigued by Su’s remarks and immediately parked $1,000 in both AMD stock and Bitcoin (CRYPTO: BTC), the token of the world’s first blockchain, to test which technology investment would yield higher returns.
|
Assets |
Price (Recorded on April 26, 2018) |
Investment |
(Recorded on March 28 at 2:30 a.m. ET) |
Value Of Investments Today |
Gains +/- |
|
AMD Stock |
$10.87 |
$1000 |
$106.65 |
$9811.40 |
881.14% |
|
Bitcoin |
$8,867.32 |
$1000 |
$85,855.09 |
$9682.191 |
868.21% |
Clearly, there’s not much in it. Both AMD and Bitcoin would have grown your investments by more than nine times, with the semiconductor stock returning slightly more than the apex cryptocurrency.
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This article If You Invested $1,000 In AMD And Bitcoin When CEO Lisa Su Called Blockchains A Distraction, Here’s What You’d Have Now originally appeared on Benzinga.com
