Advanced Micro Devices, Inc. (AMD) Becomes the Most Under-Owned U.S. Semiconductor Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) is included in our list of the 14 Tech Stocks to Sell Now According to Ken Fisher.

Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine. Computer Chip Manufacturing at Fab. Semiconductor Packaging Process.

Bank of America reported on September 3, 2025, that Advanced Micro Devices, Inc. (NASDAQ:AMD), despite being an outperformer in the sector, has become the most under-owned U.S. semiconductor stock among active managers. Active ownership fell to 20% in August from 23% in May and 39% a year earlier.

Meanwhile, Advanced Micro Devices, Inc. (NASDAQ:AMD)’s relative weighting has gone down by 80% year-over-year compared to the S&P 500. This is in line with consensus forecasts, which project 22% sales growth and AMD’s continued gains over the Philadelphia Semiconductor Index. At the same time, the investment firm reiterated its ‘Buy’ rating on AMD, thanks to strong tailwinds from rising artificial intelligence adoption and the company’s sustained market share gains against Intel.

Advanced Micro Devices, Inc. (NASDAQ:AMD) focuses on designing and developing semiconductors, offering CPUs, GPUs, AI accelerators, and embedded solutions. It serves data centers, client computing, gaming, and specialized applications globally.

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Disclosure: None.