14 Best IT Stocks to Buy for the Long Term

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

5-Year Revenue Growth: 31.09%               

Number of Hedge Fund Holders: 97

With strong revenue growth and significant hedge fund interest, Advanced Micro Devices, Inc. (NASDAQ:AMD) secures a spot on our list of the 14 Best IT Stocks to Buy for the Long Term.

On August 19, 2025, Bernstein reaffirmed its ‘Hold’ rating on Advanced Micro Devices, Inc. (NASDAQ:AMD) with a $140 price target. The investment firm’s stance reflects a balanced outlook despite notable market share gains.

Thanks to the company’s desktop unit share rising to roughly 30.2% and a roughly 5-point increase in revenue share, the investment firm highlighted the company’s strong momentum in its Q2 analysis. The analyst also highlighted that AMD’s strong momentum is helping the company outpace Intel in several areas. Notably, Advanced Micro Devices, Inc. (NASDAQ:AMD) is racing past Intel as its average selling prices have grown 8% quarter-over-quarter (QoQ) for notebooks and 2% for desktops.

Meanwhile, the company’s server revenue share also surpassed 40% for the first time, reflecting its growing presence in data centers. Furthermore, the investment firm highlighted Advanced Micro Devices, Inc. (NASDAQ:AMD)’s upcoming MI4XX accelerator roadmap as a potential growth driver, bolstering investor confidence.

Operating through its Data Center, Client and Gaming, and Embedded segments, Advanced Micro Devices, Inc. (NASDAQ:AMD) leads as a global semiconductor company. It is one of the best IT stocks.

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