Top Tech Stock of 2016 Finished Last in Chip Index This Year
Photographer: Ashley Pon/Bloomberg
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For Advanced Micro Devices Inc. bulls, 2017 was a year to forget.
AMD finished the year dead last in the Philadelphia Semiconductor Index after quadrupling in 2016. The gains catapulted the chipmaker to the best return among technology companies in the Nasdaq Composite Index. It also ratcheted up expectations for financial performance that AMD was unable to meet.