5 Best Momentum Stocks to Buy Today

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In this piece, we will take a look at the five best momentum stocks to buy today. If you want to look at more stocks and see what’s driving the market these days, head on over to 12 Best Momentum Stocks to Buy Today.

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

Number of Hedge Funds Investors In Q1 2023: 91

Advanced Micro Devices, Inc. (NASDAQ:AMD) designs and sells semiconducting products such as central processing units (CPUs) and graphics processing units (GPUs). The firm is seeing quite a positive sentiment from analysts these days, with five reiterating Buy or Overweight ratings and upgrading the shares to Outperform in June 2023.

Insider Monkey dug through 943 hedge funds for their first quarter of 2023 investments to find out that 91 had held a stake in Advanced Micro Devices, Inc. (NASDAQ:AMD). Ken Fisher’s Fisher Asset Management is the biggest investor, owning a $2.5 billion stake.

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