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Is Advanced Micro Devices A High Growth Semiconductor Stock That’s Profitable?

When it comes to media and investor attention, semiconductor stocks are among some of the hottest right now. This is because of artificial intelligence, and the expected shift to accelerated computing for businesses and consumers. The PHLX Semiconductor (SOX) index has surged by more than 50% between May 2023 and 2024, while some individual stocks have fared even better. Therefore, we decided to take a look at several high growth semiconductor stocks that are profitable in 2024, one of which is Advanced Micro Devices, Inc. (NASDAQ:AMD).

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the few companies in the world that can design and sell processors on the x86 design rules. This has allowed it to maintain a presence in the personal computing, notebook, and enterprise computing market for years. Advanced Micro Devices, Inc. (NASDAQ:AMD) also sells custom chips used in gaming consoles, and chips designed specifically for customized use cases.

Taking A Look At Advanced Micro Devices, Inc. (NASDAQ:AMD)’s Recent Performance

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s latest financial results were for the first quarter of 2024. These saw the firm’s annual growth taper down to 2%. However, Advanced Micro Devices, Inc. (NASDAQ:AMD)’s data center business division, which measures the money it makes from selling chips to businesses or for business use cases, grew by 80% annually with revenue sitting at $2.3 billion to set a new all time record. Yet, despite data center segment roaring, AMD’s EPS of $0.62 beat analysts’ estimates of $0.61 by a hairline.

Advanced Micro Devices, Inc. (NASDAQ:AMD) Has Seen Substantial Revenue Growth

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s growth story is one of the most well known on Wall Street. The semiconductor industry of the 2000s saw AMD play hide and seek with larger rival Intel. After its current CEO Dr. Lisa Su took over, Advanced Micro Devices, Inc. (NASDAQ:AMD) started to grow revenue and ship products made in Taiwan. As an example of revenue growth, consider Advanced Micro Devices, Inc. (NASDAQ:AMD)’s annual revenue in 2020 and 2023. Sitting at $22.6 billion in the latter period, it marks a 133% absolute growth, making a five-year annualized growth rate of 28% unsurprising as well.

Advanced Micro Devices, Inc. (NASDAQ:AMD) & Analyst Sentiment

Due to its hefty market capitalization of $265 billion, Advanced Micro Devices, Inc. (NASDAQ:AMD) is always seeing plenty of analyst coverage. The average of 40 one year analyst share price targets for the firm is $187, and the average share rating is Strong Buy. Amongst these, the highest and lowest Advanced Micro Devices, Inc. (NASDAQ:AMD) price targets are $250 and $125. Talking about ratings, Evercore ISI reiterated an Outperform rating on Advanced Micro Devices, Inc. (NASDAQ:AMD) in May 2024, but cut the share price target to $193 from $200. Evercore set an Outperform rating in April, as it expected Advanced Micro Devices, Inc. (NASDAQ:AMD) to benefit from a shift in global computing trends.

Is Advanced Micro Devices, Inc. (NASDAQ:AMD) The Fastest Growing Profitable Semiconductor Stock?

Looking at its analyst ratings and data center performance, it’s hard to not be impressed by Advanced Micro Devices, Inc. (NASDAQ:AMD). However, its shares didn’t do so well in 2022 when interest rates were soaring and inflation was high. Yet, thanks to AI, 2024 is a transformed environment for high growth stocks like Advanced Micro Devices, Inc. (NASDAQ:AMD). Even still, as inflation continues to create worries about higher interest rates, readers might be interested in value stocks that might offer a greater bang for the buck and some hope for stability.

At Insider Monkey we are closely following the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

For some such stocks, you can read Seth Klarman 2024 Portfolio: Top New Stock Picks.

Disclosure: None. Is Advanced Micro Devices, Inc. (NASDAQ:AMD) A High Growth Semiconductor Stock That’s Profitable? was originally published on Insidermonkey.com.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…