10 Hottest Large-Cap Stocks Right Now

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

Return: 0.8%

Shares of Advance Micro Devices ended this week 0.80% in green, compared to the previous week. The volume of shares traded was between 30 and 34 million, with constant selling pressure. A slight dip in the share price provided a buying opportunity, resulting in an immediate recovery and possible trend reversal.

This price action was followed with a nice volume of 36.7 million shares traded. The future looks bright for the whole AI sector as well as the semiconductor industry, and since AMD stock is positioned 19th in the list of the 30 most popular stocks among hedge funds, there is no doubt that AMD will come closer to its recent 2024 highs. Northland Capital agrees with this view:

“Northland Capital rated AMD as Outperform with a price target of $175, highlighting more upside than risks for 2025. AMD is projected to gain market share in AI GPUs, server CPUs, and PCs as challenges in embedded and gaming segments ease. AI revenue is estimated to grow from $5.2 billion in 2024 to $9.5 billion in 2025, with the MI325X competing well against Nvidia. In server CPUs, AMD’s Turin chips are expected to outperform Intel’s Granite Rapids, with non-AI data center revenue projected at $8.5 billion in 2025. In PCs, AMD may benefit from increased demand as Windows 10 support ends, potentially driving client revenue beyond $9 billion. The firm said:

“AMD remains one of our top picks for calendar year 2025. We anticipate AMD will continue gaining market share in AI GPUs, server CPUs, and PC clients as the headwinds from embedded and gaming segments subside. AMD’s AI strategy is driven by its roadmap and Total Cost of Ownership (TCO) advantages, while its server and client CPU products outperform competitors. The PC refresh cycle could be stronger than current expectations, presenting significant upside to calendar year 2025 estimates.”