5 Best Most Active Stocks to Buy Now

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

Average 3-month Volume: 67.22 million

Number of Hedge Fund Holders: 91

Based in Santa Clara, California, Advanced Micro Devices, Inc. (NASDAQ:AMD) is a leading semiconductor company using high-performance computing, graphics, and visualization technologies to provide computing solutions for cloud, edge, and end devices.

On June 13, Advanced Micro Devices, Inc. (NASDAQ:AMD) unveiled new EPYC processors for cloud native and technical computing for data centers. The company also revealed its AI Platform strategy which includes MI300 Series accelerator family, as well as software solutions.

On July 5, Northland analyst Gus Richard raised the price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) shares to $150 from $81 and upgraded the rating on the shares to ‘Outperform’ from ‘Market Perform’.

As of Q1 2023, 91 hedge funds tracked by Insider Monkey held shares of Advanced Micro Devices, Inc. (NASDAQ:AMD), worth $4.9 billion. Ken Fisher’s Fisher Asset Management is its largest hedge fund shareholder with ownership of 26.3 million shares valued at $2.6 billion.