Advanced Micro Devices (NASDAQ: AMD) posted its second-quarter report on July 30. Revenue rose 9% year over year to $5.84 billion, beating analysts' estimates by $114 million, as adjusted earnings per share (EPS) grew 19% to $0.69 and cleared expectations by a penny.

The chipmaker's stock rallied after its earnings beat, and it's risen 26% over the past 12 months as the Nasdaq Composite advanced 23%. Let's see why AMD stayed ahead of the market, and if it can maintain that momentum for the next 12 months.

Image source: Getty Images.

Continue reading

Source Fool.com