5 Best Reddit Stocks To Buy Now

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In this article, we discuss 5 best Reddit stocks to buy now. If you want to read our detailed analysis of retail investors and the importance of Reddit in the investment world, go directly to read 12 Best Reddit Stocks To Buy Now.

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

Number of Hedge Fund Holders: 91

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a California-based semiconductor company that specializes in designing and manufacturing computer processors, graphics processing units (GPUs), and related technologies. It is one of the best Reddit stocks on our list.

Redditors are piling into Advanced Micro Devices, Inc. (NASDAQ:AMD) as the stock has enjoyed healthy gains in 2023, gaining 81.1% so far. The community also believes that the company would be able to sustain its rally for the rest of the year as well because of its solid guidance for FY23. Moreover, analysts have given a positive outlook on the semiconductor sector because of the ongoing AI rally.

At the end of Q1 2023, 91 hedge funds in Insider Monkey’s database reported having stakes in Advanced Micro Devices, Inc. (NASDAQ:AMD), valued at $4.8 billion collectively.

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