5 Best Large Cap Stocks To Buy Now

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

Number of Hedge Fund Investors in Q2 2023: 112

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a semiconductor designer that sells processors and graphic cards. The firm’s shares jumped by more than 10% in the week after its third quarter earnings, with some attributing the share price gain to CEO Lisa Su’s optimism about AMD’s AI chip, the MI300.

For their June quarter of 2023 shareholdings, 112 out of the 910 hedge funds tracked by Insider Monkey were the chip company’s investors. Advanced Micro Devices, Inc. (NASDAQ:AMD)’s biggest shareholder in our database is Ken Fisher’s Fisher Asset Management as it owns 26.9 million shares that are worth $3 billion.

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