1. Advanced Micro Devices Inc. (NASDAQ:AMD)
Number of Hedge Fund Holders: 132
Advanced Micro Devices Inc. (NASDAQ:AMD) is one of the best high volume stocks to invest in according to hedge funds. On May 5, AMD reported Q1 2026 revenue of $10.3 billion, a 38% increase year-over-year. The Data Center segment officially became the company’s primary growth engine, contributing $5.8 billion (up 57% year-over-year) due to high demand for AMD Instinct GPUs and EPYC processors. This performance led to a GAAP net income of $1.4 billion and record quarterly free cash flow, underscoring the company’s pivot toward AI-driven infrastructure.
Strategic momentum is building around upcoming hardware and high-profile partnerships. AMD announced plans with Meta to deploy up to 6 gigawatts of GPU power, including custom MI450-based units and future “Venice” EPYC CPUs. Additionally, the company is collaborating with Samsung on next-generation HBM4 memory and with TCS to develop “Helios” rack-scale infrastructure for sovereign AI initiatives. The Client and Gaming segments also remained strong, growing 23% to $3.6 billion, supported by the launch of the Ryzen AI PRO 400 Series for enterprise PCs.
Looking ahead, Advanced Micro Devices Inc. (NASDAQ:AMD) expects revenue to accelerate to approximately $11.2 billion in Q2 2026, representing a 46% year-over-year increase. CEO Dr. Lisa Su highlighted that customer forecasts for the MI450 Series and Helios are exceeding initial expectations, providing clear visibility for continued expansion.
Advanced Micro Devices Inc. (NASDAQ:AMD) is a leading semiconductor company specializing in high-performance computing and graphics solutions. Its broad product portfolio includes microprocessors, graphics processors, and SoC solutions designed for data centers, gaming, and embedded systems.
While we acknowledge the potential of AMD to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMD and that has 100x upside potential, check out our report about the cheapest AI stock.
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