10 Tech Stocks with High Upside Potential

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

Average Upside Potential: ~40.2%

Number of Hedge Fund Holders: 96

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a leading player in the technology company, which specializes in designing and developing semiconductors, graphic solutions, and computing processors.  The company continues to make significant strides with its MI300 Series accelerators. Its focus on offering high-performance, energy-efficient solutions for AI training and inference workloads has resulted in strong attention from major cloud service providers and enterprise customers.

The company’s open-source approach with its ROCm software platform has the potential to attract developers and foster a diverse ecosystem. Furthermore, Advanced Micro Devices, Inc. (NASDAQ:AMD)’s acquisition of Xilinx offers additional opportunities in AI inference and edge computing applications, which can help it address a range of AI workloads and use cases. The integration of Xilinx’s field-programmable gate array (FPGA) technology and embedded processing solutions provides numerous cross-selling opportunities. Therefore, given its strong position in semiconductors, graphics and AI accelerators, Advanced Micro Devices, Inc. (NASDAQ:AMD) is well-placed to benefit from the broader technological trends.

The rapid growth of AI, cloud computing, high-performance computing and gaming continues to fuel demand for the company’s EPYC server processors, Instinct AI GPUs and Ryzen AI-powered chips, supporting Advanced Micro Devices, Inc. (NASDAQ:AMD)’s expansion in AI workloads, data centers and next-gen computing.