10 Best Stocks to Buy According to Billionaire Ken Fisher

Page 3 of 10

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

Total Number of Shares Owned: 23,151,197

Total Value of Shares Owned: $3,755,355,818

Number of Hedge Fund Investors: 108

Advanced Micro Devices Inc. (NASDAQ:AMD) is a leading designer of advanced processors and graphics cards for personal computers, data centers, and gaming applications. In Q3 2024, AMD reported solid financial performance, meeting normalized EPS expectations at $0.92 and surpassing GAAP EPS estimates with $0.47, beating projections by $0.06. The company posted revenue of $6.82 billion, exceeding forecasts by $104.33 million, highlighting continued growth momentum.

As Advanced Micro Devices Inc. (NASDAQ:AMD) approaches its next earnings release on January 28, 2025, analysts project a normalized EPS of $1.09 and revenue of $7.55 billion. With 30 upward EPS revisions in the past 90 days, market confidence remains strong in AMD’s growth trajectory.

Advanced Micro Devices Inc. (NASDAQ:AMD) is well-positioned to capitalize on rising demand for artificial intelligence (AI) and machine learning technologies. As industries increasingly invest in AI, AMD’s powerful GPUs are poised to play a key role in powering these innovations, driving further revenue growth. Strategic partnerships with tech giants like Microsoft Corporation (NASDAQ:MSFT) and Alphabet Inc. (NASDAQ:GOOG) boost AMD’s market presence and reinforce the value of its technology.

Page 3 of 10