5 S&P 500 Stocks On the Move

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

Number of Hedge Fund Holders: 110

Return Over Past Month as of January 18: 18.6%

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a semiconductor firm. Chip stocks like Advanced Micro Devices, Inc. (NASDAQ:AMD) have been in the spotlight over the past few weeks as the Consumer Electronics Show of 2024, the biggest tech event on the calendar, gets underway in Vegas. Leading investment advisors like Bank of America, Citi, and Barclays have also touted the rise of artificial intelligence products as one of the catalysts for chip stocks. 

Among the hedge funds being tracked by Insider Monkey, Texas-based investment firm Fisher Asset Management is a leading shareholder in Advanced Micro Devices, Inc. (NASDAQ:AMD) with 27 million shares worth more than $2.8 billion.