The pace at which AMD gained server share last quarter, along with Intel's (NASDAQ: INTC) delays in bringing the next generation of its server processors to market could pave the way for AMD to substantially increase its share once again in 2023. It won't be surprising to see AMD sustain its server growth momentum in 2023, driven by the launch of its latest generation Epyc processors this month. Richly valued stocks were hammered this year amid surging inflation that led the Federal Reserve to aggressively hike interest rates.