5 Best Tech Stocks to Buy According To Billionaire Laffont

In this article, we will take a look at the 5 best tech stocks to buy according to billionaire Laffont. To see more such companies, go directly to 13 Best Tech Stocks to Buy According To Billionaire Laffont.

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

Coatue Management’s Stake value: $1.59 Billion
Percent of portfolio: 7.79%
Number of Hedge Fund Holders: 112

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a semiconductor stock that has outperformed the overall market amid renewed attention on companies working on chips that support artificial intelligence. The company’s chips are in high demand for use in data centers, gaming, and embedded segments, as it offers accelerated processing units, chipsets, data centers, and professional GPUs.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is also one of the best tech stocks to buy, according to billionaire Laffont. Microsoft’s chief technology officer, Kevin Scott, reiterates that the chipmaker is making compelling GPUs that will become important to the marketplace. Microsoft remains one of Advanced Micro Devices, Inc. (NASDAQ:AMD)’s biggest customers for chips used by its Azure cloud customers and in its Xbox console.

By the end of this year’s second quarter, 112 hedge funds out of the 910 tracked by Insider Monkey had bought the firm’s shares. Advanced Micro Devices, Inc. (NASDAQ:AMD)’s largest hedge fund investor among these is Philippe Laffont’s Coatue Management through its $1.59 billion stake.

[/company-follow-email]