10 Best Esports Stocks to Buy Now

3. Advanced Micro Devices Inc. (NASDAQ:AMD)

Number of Hedge Fund Holders: 107

Advanced Micro Devices Inc. (NASDAQ:AMD) is a global technology company that powers the gaming and esports industry by designing and manufacturing graphics processing units (GPUs) and central processing units (CPUs). The company’s solutions and gaming products are used in PCs, consoles, and handhelds. Advanced Micro Devices Inc.’s (NASDAQ:AMD) Ryzen processors and Radeon graphics cards are known for delivering strong performance and have gained popularity in gaming and esports. AMD ranks among the best esports stocks to buy.

On January 6, Advanced Micro Devices Inc. (NASDAQ:AMD) announced new products in desktop, mobile and handheld gaming. Ahead of CES 2025, the company unveiled AMD Ryzen 9000X3D, Ryzen Z2, and Ryzen 9000HX processors. These powerful and efficient processors offer incredible performance for the most demanding games.

The company is focused on addressing the esports and gaming market with its new RDNA 4 architecture. The RDNA 4 architecture will deliver significantly better ray tracing performance and support AI-powered upscaling technology to bring high-quality 4K gaming to mainstream players with the first Radeon 9070 series GPUs. Advanced Micro Devices Inc. (NASDAQ:AMD) will be looking to capture a larger share of the market with these GPUs that are expected to be available in early March.