Advanced Micro Devices (AMD)’s stock price is up by 108% this year, making it the best-performing company in the S&P 500 this year. Its closest peer has been Nvidia, whose stock has climbed by 56%. Other peers like Intel, Broadcom, and Taiwan Semiconductor have gained by 22%, 24%, and 48% respectively year-to-date. As a result, AMD has helped power the Fidelity Select Semiconductors (FSELX), which has risen 48% this year, and the PHLX Semiconductor Sector Index (SOX), up 46% this year. The main justification for the surge in AMD’s stock price is that the company is successfully taking market share…
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