5 Best Machine Learning Stocks To Invest In

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In this article, we will discuss the 5 best machine learning stocks to invest in. If you want to explore similar stocks, you can go to 10 Best Machine Learning Stocks To Invest In.

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

Number of Hedge Fund Holders: 87

Advanced Micro Devices, Inc. (NASDAQ:AMD) offers EPYC CPUs and Radeon Instinct GPUs, two of the world’s top-tier hardware products that facilitate the deployment of the most demanding machine learning applications and makes Advanced Micro Devices, Inc. (NASDAQ:AMD) rank high among the best machine learning stocks to buy now. On September 27, Advanced Micro Devices, Inc. (NASDAQ:AMD) launched the next-generation Ryzen Embedded V3000 Series processors that offer superior CPU performance, DRAM memory transfer rate, CPU core count, and I/O connectivity compared to the company’s V1000 series.

This September, Stifel analyst Ruben Roy initiated coverage of Advanced Micro Devices, Inc. (NASDAQ:AMD) with a $122 price target and Buy rating. The analyst noted that the company has a “strong product roadmap”. On September 23, Morgan Stanley analyst Joseph Moore revised his price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) to $95 from $102 and maintained a buy-side Overweight rating on the shares.

At the end of Q2 2022, 87 hedge funds were bullish on Advanced Micro Devices, Inc. (NASDAQ:AMD) and held stakes worth $4.84 billion in the company. Of those, Fisher Asset Management was the leading shareholder and owned over 25 million shares of the company, which amounts to a stake of $1.92 billion.

Here is what Baron Funds had to say about Advanced Micro Devices, Inc. (NASDAQ:AMD) in its second-quarter 2022 investor letter:

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global fabless semiconductor company focusing on high-performance computing technology, software, and products. AMD designs leading high-performance central and graphics processing units (known as CPUs and GPUs) and integrates them with hardware and software to build differentiated solutions for customers.

AMD has been gaining meaningful share in personal computing and server end markets over the past several years driven by the performance of its processors and technology and strong execution against its technology roadmap, and we believe share gains will continue over the coming years from a combination of AMD’s continued advancements and Intel’s stumbles in developing its leading-edge technology.

Additionally, the recently closed acquisitions of Xilinx and Pensando enhance AMD’s positioning within the data center, a key growth engine for the semiconductor industry, and Xilinx specifically opens up several new growth opportunities in new end markets like industrial, automotive, and communications. The company also generates significant cash flow, giving it capital allocation optionality for further M&A and returning capital to shareholders.”

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