5 Best Virtual Reality Stocks to Buy

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

Number of Hedge Funds: 83

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s new initiative, LiquidVR, is set to revolutionize the virtual reality experience for its users. The initiative allows a fully immersive and comfortable VR experience. The company also has VR-ready CPUs and GPUs. As of June 6, Advanced Micro Devices, Inc. (NASDAQ:AMD) has returned 1,755.15% to its investors in the last 10 years. Furthermore, the acquisition of Xilinx was completed in 2022 and it bears good news for the company.

According to Advanced Micro Devices, Inc. (NASDAQ:AMD)’s Q1 2022 reports, the company posted an EPS of $1.13, compared to $0.93 estimates. Moreover, the company also outperformed the analyst estimates for revenue by $313.37 million after generating $5.89 billion.

According to Insider Monkey’s database, 63 companies had stakes in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter of 2021. Ken Fisher’s Fisher Asset Management held the most significant position in the company, with 19.956 million shares worth $2.87 billion. The fund increased its activity by 27% in the fourth quarter compared to the previous one.

Here is what Carillon Tower Advisers Advanced Micro Devices, Inc. (NASDAQ:AMD) in their fourth-quarter 2021 investor letter:

“Advanced Micro Devices (AMD) supplies semiconductor chips for central processing units (CPUs) and graphic processing units (GPUs). The firm has been gaining share against its primary competitor in the datacenter server CPU space, as this rival has been unable to match the design and manufacturing capabilities of AMD and its partners. Investors are also looking forward to the closing of the previously announced merger with a semiconductor manufacturer that is another one of the portfolio’s holdings. The merger will increase AMD’s capabilities in the Field Programmable Gate Array (FPGA) chip space, and the combined company should possess the potential to win additional market share in the datacenter chip market.”