5 Most Active Stocks to Buy Now

In this article, we discuss the 5 most active stocks to buy now. If you want to read about some more active stocks, go directly to 12 Most Active Stocks to Buy Now.

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

Number of Hedge Fund Holders: 87    

Volume as of November 14: 92.98 million

Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor company worldwide. It is one of the most active stocks to buy now. On October 20, Advanced Micro Devices revealed it would soon unveil the next generation of AMD Radeon graphics which will deliver new levels of performance, and efficiency to gamers and content creators. 

On November 2, Stifel analyst Ruben Roy maintained a Buy rating on Advanced Micro Devices, Inc. (NASDAQ:AMD) stock and lowered the price target to $91 from $100, noting that the overall sales for the firm in Q3 increased 29% year-over-year on strong growth across the Data Center, Gaming and Embedded segments, despite significantly lower client revenue.

At the end of the second quarter of 2022, 87 hedge funds in the database of Insider Monkey held stakes worth $4.8 billion in Advanced Micro Devices, Inc. (NASDAQ:AMD), compared to 83 in the previous quarter worth $6.9 billion.

In its Q2 2022 investor letter, Baron Funds, 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:

“Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global fabless semiconductor company focusing on high-performance computing technology, software, and products. AMD designs leading high-performance central and graphics processing units (known as CPUs and GPUs) and integrates them with hardware and software to build differentiated solutions for customers.

AMD has been gaining meaningful share in personal computing and server end markets over the past several years driven by the performance of its processors and technology and strong execution against its technology roadmap, and we believe share gains will continue over the coming years from a combination of AMD’s continued advancements and Intel’s stumbles in developing its leading-edge technology (…read more)