5 Best Short-Term Stocks To Buy Now

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

Number of Hedge Fund Holders: 97

One-year Return as of February 28: -36.80%

Advanced Micro Devices, Inc. (NASDAQ:AMD) is an information technology and semiconductors company. It is based in Santa Clara, California.

A Buy rating was reiterated on Advanced Micro Devices, Inc. (NASDAQ:AMD) shares on February 14 by Benchmark analyst Cody Acree.

Analysts see an upside potential of 18.17% on Advanced Micro Devices, Inc. (NASDAQ:AMD) shares, and the stock has already gained about 22.74% year-to-date. In 2022, the company saw significant financial growth, with revenues rising by 44% year-over-year from $16.4 billion to $23.6 billion.

A total of 97 hedge funds were long Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, with a total stake value of $5.7 billion.

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