5 Best Semiconductor Stocks To Invest In for the AI Boom

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

Number of Hedge Fund Investors In Q4 2023: 120

Advanced Micro Devices, Inc. (NASDAQ:AMD) is another unavoidable artificial intelligence stock since it is capable of desiging AI processors, accelerators, and GPUs. This was also clear during its CEO’s AI talk in December 2023, where Dr. Su outlined a multi billion dollar market for her firm’s products.

As of December 2023 end, 120 out of the 933 hedge funds part of Insider Monkey’s database had invested in the firm. Advanced Micro Devices, Inc. (NASDAQ:AMD)’s largest investor among these is Ken Fisher’s Fisher Asset Management due to its $4.1 billion stake.

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