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Better Buy: AMD vs. Amazon

TheMotleyFool

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Better Buy: AMD vs. AmazonPhoto, wide shot, wide-angle lens, Artificial intelligence developer, sunset photo at golden hour, photo by Art Wolfe: https://img.theapi.app/temp/12e2798a-1095-4653-8f49-2a7aee633b4e.png

Last year's tech sell-off led many of the world's most valuable companies to experience substantial stock declines as economic headwinds were followed by reduced consumer spending. Amazon (NASDAQ: AMZN) and Advanced Micro Devices (NASDAQ: AMD) stocks fell 49% and 55% throughout 2022, alongside revenue declines in their e-commerce and PC component businesses.

However, these companies' stocks have risen in 2023 as tech stocks have gradually returned to favor. Amazon shares have increased 14% and AMD's 17% year to date, with signs of the market recovering prompting an attractive time to invest in one of these tech giants.

So, let's consider whether you're better off investing in AMD or Amazon stock.

Source Fool.com

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