12 Best Stocks Under $100 to Buy According to Hedge Funds

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

Share Price as of April 22: $85.56

Number of Hedge Fund Holders: 96

Advanced Micro Devices Inc. (NASDAQ:AMD) is a semiconductor company that operates through four segments: Data Center, Client, Gaming, and Embedded. The company offers AI accelerators, x86 microprocessors, and GPUs among other products. It serves a diverse clientele, such as original equipment and design manufacturers, and public cloud service providers.

In 2024, AMD’s annual revenue rose by 14% to $25.8 billion. Data centers generate nearly half of the company’s annual revenue, with AI-related data center sales topping $5 billion. This growth comes from gaining market share in server CPUs and client processors, together with the strong demand for MI300X AI accelerators. In Q4, AMD’s Data Center revenue particularly reached a record $3.9 billion, which was up 69% year-over-year. The company launched the MI325X and began sampling the MI350 series.

The company is now preparing to launch its MI400 series in 2026. However, on March 27, Jefferies analyst Blayne Curtis downgraded its stock rating from Buy to Hold with a price target lowered from $135 to $120. This revision came from AMD’s slower-than-anticipated AI market progress, despite expansions in its market share in the PC and server sectors. This also raises doubts regarding Advanced Micro Devices Inc.’s (NASDAQ:AMD) projected AI revenue for 2026 and 2027.

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