Over the last few years, Advanced Micro Devices (AMD) stock has proven itself a winner time and again. Investors have cheered the chipmaker on as it has incrementally cut into its bigger rivals’ market share. As the company began closing the gap, the Street offered its reward; For two consecutive years – 2018 and 2019 – it was the S&P 500’s best performing stock. AMD has since kept on delivering the goods, and the company didn’t disappoint when it reported Q420 results on Tuesday. AMD crossed the $3 billion sales threshold for the first time, bringing in quarterly revenue of $3.
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