Philippe Laffont Stock Portfolio: 5 Top Stock Picks

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

Number of Hedge Fund Holders: 112

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a semiconductor firm. Latest data shows that Coatue Management owned 12 million shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) at the end of the third quarter of 2023 worth $1.2 billion, representing 6.50% of the portfolio. 

On November 13, investment advisory Roth MKM initiated coverage of Advanced Micro Devices, Inc. (NASDAQ:AMD) with a Buy rating and a price target of $125, noting the firm had a differentiated portfolio of high-performance compute and networking processors. 

Among the hedge funds being tracked by Insider Monkey, Texas-based investment firm Fisher Asset Management is a leading shareholder in Advanced Micro Devices, Inc. (NASDAQ:AMD) with 27 million shares worth more than $2.8 billion.