Since June 2017, AMD stock's five-year return has outperformed a number of the world’s most popular tech and multinational investment bank companies: Amazon.com, NVIDIA Corporation, Microsoft Corporation, Bank of America Corp, Wells Fargo & Co and Starbucks.

Advanced Micro Devices designs microprocessors for the computer and consumer electronics industries. The majority of the firm's sales are in the personal computer and data center markets via CPUs and GPUs. AMD also supplies the chips found in prominent game consoles such as the Sony PlayStation and Microsoft Xbox. The firm was founded in 1969 and is headquartered in Santa Clara, California.

In the first quarter, which was reported in early May, AMD's revenue surged 71% to $5.89 billion, with non-GAAP earnings per share of $1.13, up 117%. Both figures handily beat analyst estimates. AMD management gave strong guidance as well, with the recent acquisition of Xilinx boosting numbers.

There was a fair amount of consternation around the health of the consumer going into the quarter, but AMD's computing and graphics segment, which is focused on PCs, still grew 33% year over year. Of course, that segment was overshadowed by its enterprise, embedded, and semi-custom division, which notably makes the Epyc server processors. That segment was up 88%, powered by Epyc chip sales, which more than doubled.