A boom in the artificial intelligence (AI) market this year made Advanced Micro Devices (NASDAQ: AMD) a favorite on Wall Street. Its shares are up around 50% since Jan. 1, gaining support from its expansion into the sector. The company is making moves to challenge market leader Nvidia next year, hoping to cash in on the soaring demand for AI chips. 

However, AMD hasn't had it easy in 2023. Quarterly results revealed repeated revenue declines as it contends with a burdened PC market and reductions in commercial and consumer spending. So before you fill up on AMD stock, it's a smart move to learn about the positives and potential negatives of its business. 

So, here is one green flag and one red flag for AMD in 2023.

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Source Fool.com