11 Best Stocks to Buy in Falling Markets Now

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

Number of Hedge Fund Holders: 107

Decline in Share Price Over Past 12 Months: 30.4%

Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor manufacturer. This company presents a solid investment opportunity, supported by the following points. To begin, as per the report for the third quarter of 2024, revenue was $6.8 billion, gross margin of 50%, operating income of $724 million, net income of $771 million and diluted earnings per share of $0.47, which reflects positive financial growth and its overall profit after accounting for all expenses, taxes, and other factors. Secondly, the company’s strategic partnership with Fujitsu aims to develop a more sustainable computing infrastructure intended to accelerate open-source AI initiatives. Lastly, the company plans to acquire ZT Systems to deliver leadership AI training and inferencing solutions based on innovating across silicon, software and systems.

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