A Top Stock Idea You Should Be Watching During This Market Crash

The broader stock market has been clobbered in 2020 on account of the COVID-19 pandemic, but Advanced Micro Devices (NASDAQ: AMD) stock has managed to hold its ground so far. Shares of the chipmaker have shown remarkable resilience despite a rich valuation, indicating that investors continue to have faith in the company's long-term prospects.

After all, AMD is giving rivals such as Intel (NASDAQ: INTC) a run for their money. But if things get worse before they get better and the stock market sell-off continues, AMD may get sucked into the whirlpool of the novel coronavirus-driven downturn. In that case, the chipmaker could turn out to be a solid pick to ride a long-term recovery in light of recent developments and a potentially cheaper valuation.