10 Stocks That Will Profit From AI

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

EPS next year: 32.65%

Number of Hedge Fund Holders: 96

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a leading semiconductor company specializing in high-performance computing, graphics, and visualization technologies. Its diverse product portfolio includes microprocessors, embedded processors, chipsets, graphics, and multimedia products, catering to various sectors such as data centers, gaming, and embedded systems.

In the fourth quarter of 2024, Advanced Micro Devices, Inc. (NASDAQ:AMD) reported a record revenue of $7.7 billion, a 24% increase year-over-year, with a gross margin of 51%. The Data Center segment was particularly strong, with annual revenue nearly doubling due to accelerated adoption of EPYC processors and over $5 billion in AMD Instinct accelerator revenue.

Recently, with reports that President Donald Trump may postpone the scheduled April 2 tariffs on the semiconductor industry, the company’s stock surged to $113.85. This marks a 6.96% increase in a single trading session, as of March 25th.

Advanced Micro Devices, Inc. (NASDAQ:AMD) enters 2025 with a strong innovation pipeline. Its Ryzen AI processors, optimized for Microsoft’s Copilot AI assistant, could boost growth in the client segment. With a projected growth rate of 33.76% and 69% of 55 analysts rating it a “Buy,” AMD is one of the best AI stocks to invest in.