Billionaire Ray Dalio’s Bridgewater’s 10 Stock Picks with Huge Upside Potential

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

Bridgewater Associates Stake Value: $217,138,747

Upside Potential as of May 2: 40.18%

Number of Hedge Fund Holders: 96

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the few semiconductor companies that dominate the industry. It designs and manufactures computer processors and graphics chips, and its product lineup includes the Ryzen and EPYC series of processors for personal computers and data centers, as well as Radeon graphics cards for gaming and professional visualization.

Advanced Micro Devices, Inc. (NASDAQ:AMD) has positioned itself at the forefront of the AI revolution through advancements in its data center business. In the Q4 2024 earnings report, the company’s Data Center segment revenue reached a record $3.9 billion, up 69% year-over-year. This surge came on the back of strong shipments of AMD Instinct™ GPUs and growth in EPYC™ CPU sales. For the full year 2024, Data Center segment revenue nearly doubled to a record $12.6 billion.

In the fiscal year 2025, Advanced Micro Devices, Inc. (NASDAQ:AMD) expects first-quarter revenue to be approximately $7.1 billion, a 30% year-over-year growth. The company also continues to innovate on the manufacturing front. It recently revealed that its next-generation EPYC processor, codenamed “Venice,” is the first HPC product to be taped out and brought up on TSMC’s advanced 2nm process technology. The launch is expected within the next year.

On April 30, 2025, Seaport Global Securities began coverage of Advanced Micro Devices, Inc. (NASDAQ:AMD) with a positive outlook. The firm assigned the stock a Buy rating and set a price target of $110.00. AMD’s consistent performance and ability to gain market share were key factors for the favorable rating.