5 Best Stocks to Buy for High Returns

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

Q/Q Sales Growth: 16%

Number of Hedge Fund Holders in Q4 2022: 97

Advanced Micro Devices, Inc. (NASDAQ:AMD) is an American firm that designs and sells computing products such as CPUs, GPUs, and more. It is headquartered in Santa Clara, California.

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s fourth quarter of fiscal 2022 allowed it to remain on a growth trajectory even as the industry was facing a slowdown. The firm earned $5.59 billion in revenue for 16% annual growth. Insider Monkey polled 943 hedge funds for their Q4 2022 investments to discover that 97 had held a stake in the company.

Ken Fisher’s Fisher Asset Management is Advanced Micro Devices, Inc. (NASDAQ:AMD)’s largest shareholder. It owns 25 million shares that are worth $1.6 billion.

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