5 Best Performing Growth Stocks in January 2024

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

Year To Date Share Price Gain: 27.90%

Number of Hedge Fund Investors In Q3 2023: 110

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a chip designer that is the only one capable of competing at scale with Intel and NVIDIA in the CPU and GPU markets, respectively. Unsurprisingly its shares are rated Strong Buy on average, and analysts have set an average share price target of $177.

110 out of the 910 hedge funds part of Insider Monkey’s Q3 2023 database had bought and owned Advanced Micro Devices, Inc. (NASDAQ:AMD)’s shares. Ken Fisher’s Fisher Asset Management was the largest investor since it held $2.8 billion worth of shares.

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Disclosure: None. You can also take a look at 15 Countries with the Highest Exports to China and 11 High Growth Low Debt Stocks to Buy.

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