Billionaire Ken Fisher’s 10 Technology Stock Picks with Huge Upside Potential

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

Number of Hedge Fund Holders as of Q4: 96

Fisher Asset Management’s Equity Stake: $2.91 Billion 

Upside Potential as of April 30: 44.84%

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a prominent American multinational technology company headquartered in Santa Clara, California, with key operational facilities in Austin, Texas. As a fabless semiconductor firm, AMD specializes in designing and developing a broad array of high-performance computing products, including central processing units (CPUs), graphics processing units (GPUs), field-programmable gate arrays (FPGAs), system-on-chip (SoC) solutions, and other advanced computing technologies. Its diversified product portfolio serves a wide spectrum of markets, ranging from gaming and embedded systems to data centers and artificial intelligence (AI) applications.

In 2024, Advanced Micro Devices, Inc. (NASDAQ:AMD) achieved a record-breaking financial performance, reporting full-year revenue of $25.8 billion, supported by strong growth in its data center and client computing businesses. Gross margin for the year was 49%, with operating income at $1.9 billion and net income totaling $1.6 billion. On a non-GAAP basis, AMD posted a record gross margin of 53%, operating income of $6.1 billion, net income of $5.4 billion, and diluted earnings per share of $3.31. For the fourth quarter alone, AMD reported record revenue of $7.7 billion. Non-GAAP results included a gross margin of 54%, record operating income of $2.0 billion, record net income of $1.8 billion, and earnings per share of $1.09. These strong quarterly figures highlight the momentum behind AMD’s next-generation technologies and growing market demand across its segments.

With an upside potential of 44.84%, Advanced Micro Devices, Inc. (NASDAQ:AMD) is fourth among the ten technology stocks with huge upside potential in Ken Fisher’s portfolio. As of Q4 2024, Fisher Asset Management increased its position in the company to over 24 million shares, marking a 2% rise from 23.8 million shares in Q3. The fund’s stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) is now valued at approximately $2.91 billion. This surge in institutional interest underscores strong confidence in the stock’s long-term growth and suggests optimism about the company to maintain profitability in a competitive industry.