5 Jim Cramer Stocks to Buy in Q1 2022

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

Number of Hedge Fund Holders: 65

Advanced Micro Devices, Inc. (NASDAQ:AMD) has attracted a lot of hedge fund interest in the past few months as chip prices skyrocket due to supply chain issues and increased demand. Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Advanced Micro Devices, Inc. (NASDAQ:AMD) with 19.6 million shares worth more than $2 billion.

Advanced Micro Devices, Inc. (NASDAQ:AMD) stock was recommended as a Buy by Cramer during the Discussed Stock segment of his Mad Money on CNBC show on January 11. The share price of Advanced Micro Devices, Inc. (NASDAQ:AMD) is up 50% in the past year and Cramer said the stock is one that “investors should own and not trade”. 

In its Q4 2020 investor letter, Artisan Partners Limited Partnership, an asset management firm, highlighted a few stocks and Advanced Micro Devices, Inc. (NASDAQ:AMD) was one of them. Here is what the fund said:

“We also exited our positions in Advanced Micro Devices. Our investment campaign in Advanced Micro Devices (AMD) began in the second half of 2018, and we have seen a new management team reinvigorate the company’s product portfolio of microprocessors for PCs and servers, graphics processors, and video game consoles. These new, higher-margin products have helped the company partially close its margin gap with peers and capture share from market leader Intel. While we believe there is meaningful runway for further share gains and margin expansion, AMD has appreciated far beyond our mid-cap market cap mandate, and we exited our position.”