11 Stocks That Will Go to the Moon According to Reddit

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

Upside Potential as of March 3: 40.20%

Number of Hedge Fund Holders: 96

Advanced Micro Devices Inc. (NASDAQ:AMD) is a global semiconductor company that provides a range of products across Data Center, Client, Gaming, and Embedded segments. It offers CPUs, GPUs, FPGAs, and AI accelerators under brands like Ryzen, Radeon, and EPYC. It serves diverse markets through direct sales and channel partners.

Its data center segment contributes to around 50% of annual revenue. In 2024, data center revenue hit a record $3.9 billion, which was up 69% year-over-year. This growth was fueled by the strong EPYC processor adoption, with over 50% market share at major hyperscale cloud providers. Its data center AI business generated over $5 billion in revenue in 2024. MI300X deployments expanded with major cloud partners. Instinct platforms are being deployed across more than a dozen cloud service providers. Advanced Micro Devices Inc. (NASDAQ:AMD) now plans to accelerate MI350 series shipments. It’s aiming for mid-year production. It’s also progressing with the MI400 series for a 2026 launch.

Daiwa downgraded Advanced Micro Devices Inc. (NASDAQ:AMD) to Outperform on February 14, with a $130 price target, which was down from $170. This sentiment came from its weak H1 2025 guidance. Despite strong Q4 2024 results, slow MI325 GPU ramp-up and a projected $800 million data center revenue decline caused concern. For Q1 2025, the company expects a revenue of ~$7.1 billion, a 30% year-over-year rise.

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