12 Best Growth Stocks to Buy and Hold in 2025

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

Analyst Upside as of January 10, 2025: 50%

Number of Hedge Fund Holders: 107

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a semiconductor and IT company that produces accelerators that are capable of managing complex AI workloads. Over the past few months, the company has unveiled new processors that can power the next generation of commercial PCs. Similarly, AMD also launched high-performance computing solutions to keep up with the AI computing era. Keeping up with the trajectory, on January 6, the company announced the launch of its first commercial Dell PCs backed by its high-performance AI processors.

In the third quarter of 2024, the company generated $6.8 billion in revenue, up by 18% year-over-year and 17% sequentially. During the same quarter, net income grew by a staggering 158% year-over-year and 191% sequentially. AMD attributes its growth to its data center products and ever-growing demand for its Ryzen Pc processors. The company eyes prominent growth in this segment and expects to make significant advances in its processor technology.

The company is emerging in the AI and technology sector as a leader in the production of accelerators and processors. Advanced Micro Devices, Inc. (NASDAQ:AMD) is a favorite among analysts and their median price target implies an upside of 50% from current levels.