12 Most Profitable Growth Stocks to Buy According to Billionaires

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

TTM Net Income as of August 4: $2.23 billion

Number of Hedge Fund Holders: 97

Dollar Value of Billionaire Holdings: $5.12 billion

Number of Billionaire Investors: 18

Advanced Micro Devices Inc. (NASDAQ:AMD) is one of the most profitable growth stocks to buy according to billionaires. On August 4, Arteris Inc. (NASDAQ:AIP) announced that AMD licensed its FlexGen network-on-chip/NoC interconnect IP. This technology will be used in AMD’s next-gen AI chiplet designs.

The partnership will enhance product performance and efficiency by providing high-performance data transport within AMD chiplets, which power AI applications across various devices. The collaboration highlights the growing complexity of modern chip designs, which require multiple specialized interconnects to meet the demands of electronic systems.

Arteris’ FlexGen NoC IP will work alongside AMD’s Infinity Fabric interconnect. According to K. Charles Janac, the president and CEO of Arteris, modern chiplets often contain between 5 and 20 interconnect networks for data transport. The integration is expected to accelerate performance and scalability for demanding applications.

Advanced Micro Devices Inc. (NASDAQ:AMD) is a semiconductor company that operates through 3 segments: Data Center, Client and Gaming, and Embedded.

Arteris Inc. (NASDAQ:AIP) provides semiconductor system intellectual property solutions. It manages on-chip communications and IP block deployments in System-on-Chip/SoC semiconductors and systems of chiplets.

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