12 Best Metaverse Stocks to Invest in

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

Number of Hedge Fund Holders: 96

Advanced Micro Devices, Inc. (NASDAQ:AMD) designs semiconductors, including CPUs, GPUs, AI chips, and SoCs for data centers, PCs, gaming consoles, etc., serving various markets globally. The company expanded its metaverse infrastructure role through a partnership with Meta Platforms to develop metaverse-ready radio systems using Xilinx Zynq UltraScale RFSoC chips. This supports Meta’s Evenstar program, which aims to bring 4G/5G networks to underserved areas, creating the connectivity foundation needed for immersive digital experiences. This strong presence in the industry makes it one of the best metaverse stocks.

For Q4 ending December 31, 2024, Advanced Micro Devices, Inc. (NASDAQ:AMD) posted record revenue up 24% year-over-year, with full-year revenue hitting $25.8 billion, a rise of 14%. Net income boosted 26%, while free cash flow more than doubled from 2023. Moreover, data centers now generate nearly half of the company’s annual revenue, with AI-related data center sales topping $5 billion. AMD’s earnings per share reached $1.09, slightly above expectations. The company’s growth comes from gaining market share in server CPUs and client processors, plus strong demand for MI300X AI accelerators.

Additionally, the company’s Q4 Data Center revenue reached a record $3.9 billion, jumping 69% year-over-year as AI adoption accelerated. Advanced Micro Devices, Inc. (NASDAQ:AMD) launched the MI325X and began sampling the MI350 series. Client revenue surged 58%, and AMD secured its first full PC portfolio deal with Dell. In contrast, gaming revenue fell 59% due to predicted semi-custom adjustments. Even when embedded revenue dropped 13%, AMD won a record $14 billion in design wins over the year.

For Q1 2025, Advanced Micro Devices, Inc. (NASDAQ:AMD) expects about $7.1 billion in revenue and projects double-digit EPS growth for the full year. The company aims to grow its AI business into a “tens of billions” opportunity in the coming years. With upcoming Radeon GPUs, better AI accelerators, and continued leadership in high-performance computing, AMD is cementing its position as a key metaverse technology provider. The company powers immersive rendering, real-time simulation, and AI-enhanced virtual worlds.