5 Best Beaten Down Growth Stocks to Buy Right Now

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

Number of Hedge Fund Holders: 134

Advanced Micro Devices Inc. (NASDAQ:AMD) is one of the best beaten down growth stocks to buy right now. On June 3, OQC, JPMorganChase, and AMD announced a research collaboration to develop a dedicated Quantum-AI platform at a new data center in London. The initiative will integrate OQC’s GENESIS quantum system with AMD’s HPC and AI infrastructure. JPMorganChase will serve as the first enterprise user, utilizing the secure environment to test hybrid quantum-classical workflows for complex financial challenges.

The partners will focus on research areas including portfolio optimization, quantum machine learning, and the development of specialized AI models to enhance quantum circuit performance. By physically integrating quantum hardware into a secure enterprise framework, the platform aims to enable the testing of algorithms for performance, scalability, and reproducibility, moving quantum research toward practical, real-world financial applications.

Expected to be fully operational within 12 months, the project represents a significant move from isolated quantum experimentation to integrated, enterprise-grade infrastructure. Executives from the three companies emphasized that the collaboration is designed to accelerate the discovery of purpose-built financial algorithms and show how quantum computing, AI, and classical computing can function together to address industry-specific needs.

Advanced Micro Devices Inc. (NASDAQ:AMD) is a leading semiconductor company specializing in HPC and graphics solutions. Its broad product portfolio includes microprocessors, graphics processors, and system-on-chip/SoC solutions designed for data centers, gaming, and embedded systems.