With companies such as Alphabet's Google, Microsoft's Azure, and Oracle already signed on as clients, AMD is well-positioned to continue profiting from the market's expansion. 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.