Shares of Advanced Micro Devices (NASDAQ:AMD) have dropped since hitting a record closing high of $649.42 on Oct. 6. As I write, the company's stock is above $550, or roughly 15% below its peak. Third-quarter results are due after the close on Tuesday, Nov. 3. Where the stock ends 2030, though, depends less on the report than on how much AMD earns a share by then and what investors will pay for those earnings. Going by AMD's own long-term earnings target, I think the stock ends 2030 somewhere between $600 and $750 a share.
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