After a year when countless tech companies suffered significant declines in their stocks and earnings because of macroeconomic headwinds, 2023 has shown signs that the market is recovering. Along with numerous other growth stocks, Advanced Micro Devices (NASDAQ: AMD) was hit hard in 2022 by reduced spending on tech and rises in inflation. In November, AMD launched a new generation of data center chips named Genoa, and plans to release a more powerful version called Genoa-X later this year.