Last year, shares in Advanced Micro Devices (NASDAQ: AMD) fell 55%, alongside steep declines in the PC market. As a leader in computer components, a year when graphics processing unit shipments fell 42% was damaging to AMD's gaming and client segments.

However, bullish investors have boosted AMD's stock by 34% in 2023, with a successful chip launch and better-than-expected quarterly results rallying Wall Street. The company's data center segment has proven its strength in recent quarters, giving the tech giant a promising outlook.

AMD's stock may be down 25% year over year, but it remains a must-buy in 2023. Here's why.

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Source Fool.com