11 Best Augmented Reality Stocks to Buy According to Hedge Funds

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

Number of Hedge Fund Holders: 96

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global semiconductor company focused on high-performance computing, visualization technologies, and graphics. The company plays a significant role in the AR industry by producing chips that power immersive experiences in various AR and VR devices. It powers Sony’s PlayStation 5 and Microsoft’s Series X|S game consoles. In addition, the company’s Radeon Pro Duo, with its LiquidVR SDK, is a powerful platform for all aspects of VR content creation. This ranges from education and medicine to journalism, entertainment, and cinema.

Wedbush’s Matt Bryson pointed to various positive factors for the stock, including that it is still gaining market share in the compute sector, both in servers and PCs. The analyst opined that while Advanced Micro Devices, Inc. (NASDAQ:AMD) is already outperforming in desktop computers, there is still potential for growth in the notebook segment in 2025. In addition, China’s reciprocal tariffs on semiconductors based on wafer origin could lend the company an additional competitive edge in the compute market.

Bryson pointed out that the demand for client GPUs appears to have surpassed expectations, and so customer inventory buildup in Q2 could offer a boost ahead of potential tariff impositions. In a report released on April 25, Ruben Roy from Stifel Nicolaus maintained a Buy rating on Advanced Micro Devices, Inc. (NASDAQ:AMD) with a price target of $132.00.

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