13 Best QQQ Stocks to Buy According to Hedge Funds

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

Number of Hedge Fund Holders: 97

Advanced Micro Devices Inc. (NASDAQ:AMD) is one of the best QQQ stocks to buy according to hedge funds. On June 18, AMD partnered with Keysight Technologies Inc. (NYSE:KEYS) to advance PCI Express/PCIe 6.0 technology, which is a crucial step for high-speed data transfer and AI application development.

The collaboration involves Keysight providing early access to its PCIe CEM test tools, such as the M8040A 64 GBaud High-Performance BERT and the 59 GHz UXR-Series Oscilloscope, along with pre-compliance software. This enabled AMD to develop and test a PCIe 6.0-capable server motherboard operating at speeds up to 64 GT/s. The advancement was publicly demonstrated for the first time at the PCI-SIG Developers’ Conference held on June 11-12 in Santa Clara, California.

PCIe 6.0 is the latest iteration of the high-speed interface that connects components within servers and computers. It offers faster data transfer rates, lower latency, and improved energy efficiency, with speeds reaching up to 256 GB/s using 16 lanes. These enhancements are critical to deploy advanced AI technologies and next-gen 802.3dj Ethernet communications, which enable efficient AI applications.

Advanced Micro Devices Inc. (NASDAQ:AMD) operates as a semiconductor company and operates through 4 segments: Data Center, Client, Gaming, and Embedded. Keysight Technologies Inc. (NYSE:KEYS) offers electronic design and test solutions worldwide.

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