Billionaire Ray Dalio’s Bridgewater Is Crazy About These 15 Stocks

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

Bridgewater Associates’ Stake Value as of Q3: $240.2 million

Number of Hedge Fund Holders: 107

Advanced Micro Devices, Inc. (NASDAQ:AMD), based in Santa Clara, California, is a global leader in semiconductor technology. The company specializes in designing advanced computer processors and related technologies, catering to both business and consumer markets. Its operations are divided into key segments: Data Center, Client, Gaming, and Embedded.

In its Q3 earnings report, Advanced Micro Devices, Inc. (NASDAQ:AMD) posted revenue of $6.8 billion, marking an 18% year-over-year increase. This growth was fueled by robust sales of EPYC and Instinct data center products, along with strong demand for Ryzen PC processors. The Data Center segment delivered record-breaking revenue of $3.5 billion, a 122% increase compared to the previous year, while the Client segment experienced a 29% revenue growth.

On November 19, Northland Capital Markets reiterated an Outperform rating for AMD shares, maintaining a price target of $175. The firm’s bullish outlook is driven by the anticipated spike in PC demand by 2025, as Microsoft phases out support for Windows 10. With an estimated 1.2 billion systems currently running Windows 10, Northland projects a significant transition to Windows 11, potentially adding $1.0 to $1.7 billion in revenue for Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 2025 calendar year.

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