5 Semiconductor Stocks To Buy Today According to Billionaire Ken Fisher

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

Fisher Asset Management’s Stake Value: $2.8 billion

Percentage of Fisher Asset Management’s 13F Portfolio: 1.6%

Number of Hedge Fund Holders: 70

Advanced Micro Devices, Inc. (NASDAQ:AMD) is an American semiconductor designer whose products target both the central processing unit (CPU) and graphics processing unit (GPU) industries. The company has grown remarkably over the past couple of years due to a strong combination of product design and manufacturing technologies.

Fisher Asset Management owned 19.9 million Advanced Micro Devices, Inc. (NASDAQ:AMD) shares in Q4 2021 in a $2.8 billion stake that was significantly larger than the one the firm held in the company’s larger rival Intel Corporation (NASDAQ:INTC). This signifies the firm’s strong confidence in Advanced Micro Devices, Inc. (NASDAQ:AMD)’s future. Out of the 924 hedge funds polled by Insider Monkey in the fourth quarter of last year, 70 had owned a stake in the company.

Advanced Micro Devices, Inc. (NASDAQ:AMD) posted $4.8 billion in revenue and $0.92 in non-GAAP EPS for its fourth fiscal quarter, beating analyst estimates for both in the form of record figures. Following this, the research firm Bernstein upgraded the company’s price target to $150 in February 2022, in a decade-first historic upgrade that saw the firm lament missed opportunities.

Carillon Tower Advisers commented on Advanced Micro Devices, Inc. (NASDAQ:AMD) in its Q4 2021 investor letter, outlining that:

“Advanced Micro Devices (AMD) supplies semiconductor chips for central processing units (CPUs) and graphic processing units (GPUs). The firm has been gaining share against its primary competitor in the datacenter server CPU space, as this rival has been unable to match the design and manufacturing capabilities of AMD and its partners. Investors are also looking forward to the closing of the previously announced merger with a semiconductor manufacturer that is another one of the portfolio’s holdings. The merger will increase AMD’s capabilities in the Field Programmable Gate Array (FPGA) chip space, and the combined company should possess the potential to win additional market share in the datacenter chip market.”