5 Best Debt Free Stocks to Buy

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

Number of Hedge Fund Holders: 97

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a leading semiconductor maker with a strong balance sheet given it had no net debt at the end of Q4 2022. At the end of the fourth quarter, in fact, Advanced Micro Devices, Inc. (NASDAQ:AMD) had cash, cash equivalents and short-term investments of $5.9 billion at the end of the quarter. The company also said it had a total debt of $2.467 billion as of December 31, 2022 although the definition of total debt is different for different companies. While the market expects Advanced Micro Devices, Inc. (NASDAQ:AMD) to grow in the long term, the company is arguably one of the riskier stocks on our list if the big tech companies produce their own semiconductor chips in a meaningful way. As a result, Advanced Micro Devices, Inc. (NASDAQ:AMD) could have downside if it doesn’t gain the market share that the market expects in the future.