15 High Growth Companies Hedge Funds Are Buying

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

Number of Hedge Fund Holders: 96

Average 5-Year Revenue Growth: 34.35%

Advanced Micro Devices, Inc. (NASDAQ:AMD), an American semiconductor giant, ranks 7th on our list of high growth stocks favored by Wall Street funds. On March 12, JPMorgan maintained a Neutral rating on AMD with a price target of $130. Despite the stock being down 36% over six months, strong growth is expected in 2025, with JPMorgan projecting 20 %+ revenue growth. Positive drivers include gains in server CPUs, AI GPUs, and gaming. The company is also preparing to launch its MI400 chips in 2026, reinforcing its position in the AI and data center markets.

On March 31, Advanced Micro Devices, Inc. (NASDAQ:AMD) acquired ZT Systems, a top provider of AI and computer infrastructure for the world’s biggest cloud companies. This move strengthens AMD’s ability to deliver full-scale AI solutions by combining its CPUs, GPUs, networking chips, and open-source software with ZT’s system design expertise. The acquisition is expected to strengthen AMD’s earnings by the end of 2025. As part of the deal, AMD plans to sell ZT’s American manufacturing business while retaining its leadership and design teams on board to fasten AI infrastructure development.

According to Insider Monkey’s fourth quarter database, 96 hedge funds were long Advanced Micro Devices, Inc. (NASDAQ:AMD), compared to 107 funds in the prior quarter. Fisher Asset Management was the biggest stakeholder of the company, with 24 million shares worth $2.90 billion.