12 Best Cryptocurrency and Blockchain Stocks to Buy

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

Year to date Performance as of June 23: 6.31%

Number of Hedge Fund Holders: 97

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the 12 best cryptocurrency and blockchain stocks to buy. On June 17, Microsoft announced it had extended its partnership with the company to design next-generation chips that will go into Xbox consoles.

It is a significant partnership for AMD as it stands to fulfill tens of millions of chip orders over the life of the next-generation console. Additionally, the partnership is poised to last several years and span multiple generations of desktop and portable hardware, providing a reliable revenue stream.

Microsoft has utilized AMD hardware for the last two console generations, beginning with the Xbox One. Despite Nvidia’s dominance in PC GPUs, AMD CPUs and AMD GPUs have proved to be a powerful pairing.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a semiconductor company that provides hardware and software that power blockchain and cryptocurrency applications. AMD’s technology, particularly its CPUs and GPUs, plays a crucial role in the performance and efficiency of blockchain operations like mining and transaction validation.

While we acknowledge the potential of AMD to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMD and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Most Undervalued Financial Stocks to Buy According to Analysts and 11 Best Industrial Stocks to Buy Right Now.

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