5 Best Virtual Reality Stocks to Buy

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

Number of Hedge Fund Holders: 87

Advanced Micro Devices, Inc. (NASDAQ:AMD) is an American company that designs and sells GPUs and CPUs. These are used by gamers to run video games, by content creators to develop their products, and by companies to power their data centers. The firm also manufactures CPUs and GPUs for gaming consoles.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is another company whose products are essential for a smooth virtual reality experience. The firm’s Ryzen CPUs and its Radeon GPUs, used in personal computers and laptops, are fully capable of running AR and VR applications. Additionally, it also provides its LiquidVR technology that enables developers to create virtual reality platforms by providing them access to certain GPU features such as acoustics rendering and asynchronous data upload.

Insider Monkey analyzed the holdings of 895 hedge funds during this year’s June quarter to discover that 87 had held a stake in Advanced Micro Devices, Inc. (NASDAQ:AMD).

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 25 million shares that are worth $1.9 billion.