AMD , like its rivals Intel and NVIDIA , depends on the PC market for much of its revenue. Although 2013 was a year of contraction for the traditional PC industry, AMD was able to handily beat the market, with shares rising more than 50%. The gain was primarily fueled by a stream of improving quarters, with AMD finally reporting a profitable quarter in October.
In the following video, Fool contributor Sam Mattera briefly summarizes AMD's year, explaining how the company was able to outperform in 2013 despite disappointing PC shipment data. AMD's push into providing chips for devices other than traditional PCs helped fuel AMD's gain, even as the company's products continued to be outsold by Intel (in PC chips) and NVIDIA (in graphics cards). Sam explains that 2013 was a great year for AMD shareholders, and the company's ongoing transition appears to be going successfully.
Our top stock pick for 2014
The market stormed out to huge gains across 2013, leaving investors on the sidelines burned. However, opportunistic investors can still find huge winners. The Motley Fool's chief investment officer has just hand-picked one such opportunity in our new report: "The Motley Fool's Top Stock for 2014." To find out which stock it is and read our in-depth report, simply click here. It's free!
The article AMD Had a Great 2013, Even With the PC's Decline originally appeared on Fool.com.Sam Mattera has no position in any stocks mentioned. The Motley Fool recommends Intel and Nvidia. The Motley Fool owns shares of Intel. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.