13 High Growth Large Cap Stocks To Invest In

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

Number of Hedge Fund Holders: 96

Average 5-Year Revenue Growth: 34.10%

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a leading semiconductor company with four main business segments – Data Center, Client, Gaming, and Embedded. AMD just rolled out its 5th Gen EPYC Embedded 9005 Series processors in March 2025, bringing more power and efficiency to embedded markets. Built on the Zen 5 architecture, these chips are designed for networking, storage, and industrial edge systems, delivering faster data processing with better energy efficiency. The new Zen 5c core boosts throughput and performance per watt by an estimated 1.3x over competitors. Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the best high growth stocks to monitor.

2024 was a breakthrough year for AMD, driven by its booming data center AI business, strong product launches, and increased market share in servers and PCs. Annual revenue hit a record $25.8 billion, up 14%, with net income rising 26% and free cash flow more than doubling. The data center segment contributed nearly half of total revenue, fueled by strong demand for Instinct and EPYC processors. In Q4, revenue grew 24% year-over-year to $7.7 billion, led by record data center and client segment sales. AMD also returned $862 million to shareholders through buybacks, with $4.7 billion still available for future repurchases.

According to Insider Monkey’s fourth quarter data, 96 hedge funds reported owning stakes in Advanced Micro Devices, Inc. (NASDAQ:AMD), compared to the prior quarter when 107 funds had invested in the stock.