Coatue’s 35 Most Important AI Stocks

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

Number of Hedge Fund Holders: 107

Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor manufacturer. As per the report for the third quarter of 2024, the company reported revenue of $6.8 billion, gross margin of 50%, operating income of $724 million, and net income of $771 million. This demonstrates robust financial health, with strong sales, healthy margins, and efficient cost management, positioning the company as a solid performer in the market. In addition, the new AMD Instinct MI325X accelerators deliver leadership performance and memory capabilities for the most demanding AI workloads. AMD also shared new details on next-gen AMD Instinct accelerators planned to launch in 2025 and 2026. The company has also announced its new gaming products, Ryzen 9900X3D and 9950X3D Series desktop processors, offering unprecedented performance for desktop gamers.

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