Is AMD Stock A Buy

$Advanced Micro Devices(AMD.US)$ has staged an amazing turnaround over the past six years, fueled by new products and improved profitability. And AMD stock has climbed as a result.

AMD competes with $Intel(INTC.US)$ in making central processing units, or CPUs, for personal computers and servers. It also rivals $NVIDIA(NVDA.US)$ in the market for graphics processing units, or GPUs, for PCs, gaming consoles and data centers.

Founded in May 1969, AMD went public in September 1972. AMD shifted to a fabless semiconductor business in March 2009 by spinning off its factories as $GlobalFoundries(GFS.US)$.

Advanced Micro Devices stock surged to an all-time high late last year. But with a pullback in the chipmaker's shares, some investors may be wondering: Is AMD stock a buy right now?