In November, Advanced Micro Devices (AMD) saw a 15% decline amid a mix of positive and negative news, including strong earnings, a bullish analyst day forecast, and concerns about a bubble in AI stocks. Despite the pullback, AMD’s AI strategy is resonating with investors and delivering results, making it a long-term buy-and-hold stock.

AMD reported third-quarter earnings that beat estimates, with revenue up 36% to $9.25 billion, driven by growth in data center, client, and gaming segments. The stock climbed 2% on the news but pulled back due to a Nasdaq sell-off. AMD also gave a bold forecast at its analyst day, projecting EPS above $20 and annual revenue growth of over 35%.

Investors considering AMD should note that while it’s having a strong year, it wasn’t among the 10 best stocks identified by The Motley Fool Stock Advisor team. The team’s top picks have historically produced significant returns, outperforming the S&P 500 by a wide margin. Consider exploring these top 10 stocks for potential investment opportunities.

Read more at Nasdaq: Why AMD Stock Fell 15% in November