30 Best AI Stocks to Buy According to Billionaires

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

Number of Hedge Fund Holders: 96

Number of Billionaire Investors: 18

Value of Billionaire Holdings: $5 Billion 

Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor manufacturer. The company is heavily invested in the AI boom, with more than 50% of annual revenue coming from the data center portfolio. After posting record annual revenue of close to $26 billion in 2024, the firm expects Q1 2025 revenue of approximately $7.1 billion, slightly down sequentially but up 30% year-over-year, driven by strong growth in the data center and client businesses. The company also anticipates double-digit revenue and EPS growth for 2025, driven by continued momentum in the data center GPU and CPU businesses. Investment advisory KeyBanc recently downgraded the stock to Sector Weight from Overweight, citing concerns about the sustainability of its China AI business.

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