5 Best High Risk Stocks to Buy Right Now

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

Number of Hedge Fund Holders: 63

52-Week Range: $72.50-$128.08

Advanced Micro Devices, Inc. (NASDAQ:AMD) operates in the semiconductor industry where volatility rules the day. In the past few months, supply chain problems and increased demand have led to a dramatic increase in chip prices that analysts predict might last well into 2022. The firm has benefited from this but it is unclear how long this boom will last. However, the chipmaker has been investing in growth opportunities to take advantage of the chip price boom. It is expected to complete the purchase of Xilinx for $35 billion by the end of 2021.

Advanced Micro Devices, Inc. (NASDAQ:AMD) also recently smashed analyst estimates on earnings in the third quarter, reporting earnings per share of $0.73 and a revenue of $4.3 billion. The numbers beat predictions by $0.07 and $200 million respectively. 

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Advanced Micro Devices, Inc. (NASDAQ:AMD) with 28 million shares worth more than $2.6 billion.

In its Q4 2020 investor letter, Artisan Partners Limited Partnership, an asset management firm, highlighted a few stocks and Advanced Micro Devices, Inc. (NASDAQ:AMD) was one of them. Here is what the fund said:

“We also exited our positions in Advanced Micro Devices. Our investment campaign in Advanced Micro Devices (AMD) began in the second half of 2018, and we have seen a new management team reinvigorate the company’s product portfolio of microprocessors for PCs and servers, graphics processors, and video game consoles. These new, higher-margin products have helped the company partially close its margin gap with peers and capture share from market leader Intel. While we believe there is meaningful runway for further share gains and margin expansion, AMD has appreciated far beyond our mid-cap market cap mandate, and we exited our position.”

You can also take a peek at Warren Buffett Is Selling These 10 Stocks and 10 Best Nickel Stocks to Buy Now.

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