5 Best AI Stocks to Buy Now

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

Number of Hedge Fund Holders: 89

Advanced Micro Devices, Inc. (NASDAQ:AMD) is an American semiconductor designer. The firm sells graphics processing units (GPUs) and central processing units (CPUs). It is headquartered in Santa Clara, California.

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s EPYC CPUs and Radeon GPUs are designed to support artificial intelligence and machine learning workloads. The firm also offers Instinct Accelerators and an Accelerator Cloud for these technologies. Advanced Micro Devices, Inc. (NASDAQ:AMD) products are used by several firms such as Dell, Lenovo, ASUS, and HP.

By the end of this year’s third quarter, 89 out of the 920 hedge funds polled by Insider Monkey had held a stake in Advanced Micro Devices, Inc. (NASDAQ:AMD).

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 19 million shares that are worth $1.2 billion.

Follow Advanced Micro Devices Inc (NASDAQ:AMD)

/company-follow-email]