Advanced Micro Devices Inc. (AMD): Billionaire Ray Dalio Trims Stake

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the 15 Best Stocks to Buy According to Billionaire Ray Dalio.

Advanced Micro Devices, Inc. (NASDAQ:AMD) made an appearance in the 13F portfolio of Bridgewater Associates for the first time in the second quarter of 2011. This position consisted of just 70,000 shares and was sold off by the end of the year. New positions were opened in 2019, 2021, and 2022, but were also sold off. The latest holding, purchased at the beginning of 2024, consisted of 670,000 shares initially but has grown since then. Filings for the fourth quarter of 2025 that the fund owned 1.66 million shares in the semiconductor company, representing a decrease of more than 7% compared to filings for the previous quarter.

READ NEXT33 Stocks That Should Double in 3 Years.

Mizuho Upgrades Applied Materials (AMAT) to Outperform on Global WFE Tailwinds

Portogas D Ace/Shutterstock.com

Advanced Micro Devices, Inc. (NASDAQ:AMD) is often called the strategic alternative to NVIDIA. Many hedge funds view it as such, even though the company has many competitive advantages over NVIDIA. A primary catalyst for hedge fund buying in early 2026 was the announcement of a $60 billion, five-year GPU supply agreement with Meta Platforms.This deal, which includes the delivery of the newest MI450 architecture marketed by AMD in late 2026, acts as a massive de-risking event. Hedge funds are also increasingly focused on the inference stage of AI. The MI300X by AMD and the upcoming MI450 series reportedly offer 10–20% better performance in specific inference workloads compared to NVIDIA H100.

While we acknowledge the risk and potential of AMD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMD and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years

Disclosure: None. Follow Insider Monkey on Google News