35 Chip Stocks In Focus Amid Tech Selloff

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

Number of Hedge Fund Holders: 107

Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor manufacturer. The company’s solid financial performance in the report for the fourth quarter of 2024 is driven by improved margins and income growth. For instance, on a non-GAAP basis, the gross margin was 54%, operating income was $1.7 billion, net income was $1.5 billion, and diluted earnings per share was $0.92. In January, the company announced the first Dell commercial PCs powered by AMD Ryzen AI PRO Processors. These new PCs mark a significant milestone in the strategic collaboration between AMD and Dell as they represent the next frontier in computing, transforming how people work, create and connect. The company is further introducing new Ryzen AI 300 Series processors to join the Ryzen AI 300 Series family and enable premium AI experiences across notebooks.

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