10 AI Stocks Dominating Wall Street

6. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Number of Hedge Fund Holders: 107

Advanced Micro Devices, Inc. (NASDAQ:AMD) develops semiconductors, providing processors and graphics technologies for gaming, data centers, and AI-driven high-performance computing. On February 6, analyst Hans Mosesmann from Rosenblatt Securities reaffirmed his Buy rating on AMD stock and lowered his price target for AMD stock from $250 to $225. The analyst noted that the post-earnings dip could present an attractive opportunity for long-term investors. The company reported strong quarterly sales and an overall healthy outlook, but investors were skeptical over the slowing sales growth for its artificial intelligence chips. Nevertheless, the firm is optimistic and sees the dip as a buying opportunity.