5 Best Breakout Stocks To Buy Right Now

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

Number of Hedge Fund Investors In Q4 2023: 120

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a semiconductor designer that sells CPUs and GPUs. The firm was eager to beef up its artificial intelligence portfolio in February 2024 when it revealed that it had teamed up with a Japanese bullet train company to provide A.I. based track inspection.

During last year’s fourth quarter, 120 out of the 933 hedge funds profiled by Insider Monkey had bought the firm’s shares. The largest Advanced Micro Devices, Inc. (NASDAQ:AMD) shareholder in our database is Ken Fisher’s Fisher Asset Management due to its $41 billion investment.

Follow Advanced Micro Devices Inc (NASDAQ:AMD)