5 Best Long-Term Tech Stocks to Buy According to Hedge Funds

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

Number of Hedge Fund Holders: 132

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the best long-term tech stocks to buy according to hedge funds, with the company having a five-year forward EPS growth rate of over 42%.

Advanced Micro Devices has signed a multi-year deal with the French government to help in the national AI strategy. AMD will offer its AI compute resources for French educators, developers, researchers, and AI start-ups with the aim to accelerate AI adoption across Europe. This partnership integrates AMD’s AI presence in Europe, expanding its market position in government-backed AI initiatives.

AMD has also launched the Ryzen 9 9950X3D2 Dual Edition, which is the world’s first desktop processor. On April 22, AMD announced the launch of the processor that features dual AMD 3D V-Cache technology across all 16 cores. The processor has the capacity to deliver 208 Mb of total cache built on a Zen 4 design and a 4 nm process.

AMD shares are on a run and have soared over 52% year-to-date as of April 27. Analysts remain cautious as the stock is trading at its all-time high price point. AMD shares fell over 3% on April 27 after Citi analyst Atif Malik removed the stock from the firm’s positive catalyst list. Malik believes that the near-term catalysts lack the ability to push further upside amid the stock’s nearly 60% growth in April 2026. The analyst retains the stock with a Hold rating on AMD with a price target of $248. However, the long-term prospects remain intact based on strong fundamentals, according to Northland’s Gus Richard, who downgraded the stock to Market Perform, keeping the price target at $260. Richard said that expectations for 2027 are too high, as ongoing R&D spending and competitive pressures could minimize margin expansion despite the robust AI demand.

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 system-on-chip (SoC) solutions designed for data centers, gaming, and embedded systems.