AMD stock has more than doubled this year and is trading at a nearly 12-year high. That makes AMD the best performer in the S&P 500. AMD (AMD) recently passed heart pump maker Abiomed (ABMD) to take over the top spot.
AMD’s gains are partly coming at the expense of semiconductor giant Intel (INTC), whose stock is only up about 2% this year on concerns about lower profit margins and possible product delays.
Intel is also reeling from the scandal that led to the resignation of CEO Brian Krzanich two months ago. (He had an improper relationship with an employee.)
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