13 NASDAQ Stocks with the Highest Upside Potential

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

Average Upside Potential as of April 8: 67.38%

Number of Hedge Fund Holders: 96

Advanced Micro Devices Inc. (NASDAQ:AMD) offers products like AI accelerators, x86 microprocessors, and GPUs through its Data Center, Client, Gaming, and Embedded segments. It serves OEMs and design manufacturers, public cloud service providers, system integrators, independent distributors, and add-in-board manufacturers through its direct sales force and sales representatives.

Jefferies lowered the company’s price target from $135 to $120 on March 27 as analyst Blayne Curtis noted that the company’s AI growth remains weaker than anticipated. Therefore, the firm also downgraded the company’s rating from Buy to Hold although it has gained market share in PCs and servers. This raises doubts regarding the company’s projected AI revenue for 2026 and 2027.

As for 2025, Advanced Micro Devices Inc. (NASDAQ:AMD) entered the year with a string pipeline. For instance, its Ryzen AI processors are optimized for Microsoft’s Copilot AI assistant and could boost growth in the client segment of the company. In Q4 2024, the company reported a record revenue of $7.7 billion which came after a 24% year-over-year improvement. This was majorly driven by the Data Center segment where revenue almost doubled year-over-year due to the rapid adoption of EPYC processors.

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