5 Reddit Stocks with Biggest Upside

In this article, we will take a look at the 5 Reddit stocks with biggest upside . To see more such companies, go directly to 10 Reddit Stocks with Biggest Upside.

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

Number of Hedge Fund Holders: 112

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a semiconductor giant that can become a significant competitor to NVIDIA Corporation (NASDAQ:NVDA) in the AI chips market in the future. Advanced Micro Devices, Inc. (NASDAQ:AMD) has a history of catching up quickly to its competition. Advanced Micro Devices, Inc. (NASDAQ:AMD) ranks 5th in our list of Reddit stocks with huge upside. Advanced Micro Devices, Inc. (NASDAQ:AMD) shares can also grow on the back of 5G catalysts.

L1 Capital International Fund made the following comment about Advanced Micro Devices, Inc. (NASDAQ:AMD) in its second quarter 2023 investor letter:

“During the June 2023 quarter the AI bubble continued to inflate. Advanced Micro Devices, Inc. (NASDAQ:AMD), as a key challenger to Nvidia, will benefit from increased demand for its next generation semiconductor chips. AMD’s share price is reflecting very bullish sentiment and the share price has run ahead of a reasonable base case valuation. Accordingly, we divested our entire position and moved AMD to our Bench.”