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Redditors are Buying AMD and 9 Other Stocks on the Dip

In this article, we discuss AMD and 9 other stocks that Redditors are buying on the dip. If you want to read about some stocks popular on Reddit, go directly to Redditors are Buying AMD and 4 Other Stocks on the Dip.

The rise in popularity of online investment forums over the past few years has pushed a new generation of investors towards the stock market. This push has resulted in the rise of social media driven meme stocks, mostly through retail investor activity on internet platform Reddit, that pitches institutional investors against small-time rookies. According to a report by Traders Magazine, activity around these meme stocks peaked in early 2021 and has sharply declined in the past year as inflation batters growth stocks. 

Even though Redditors also trade popular names like Amazon.com, Inc. (NASDAQ:AMZN), Sea Limited (NYSE:SE), and Tesla, Inc. (NASDAQ:TSLA), there is no doubt that the bulk of their investing concentration is occupied by riskier entities. For example, in the past few weeks, Redditors have been buying shares of chipmaker Advanced Micro Devices, Inc. (NASDAQ:AMD), even as it falls due to US import restrictions on China and a hotter-than-expected inflation report by the government. 

Broadridge CFO Edmund Reese, in an interview with news platform CNBC on September 15, said that despite the market volatility, the data pointed that new investors have been continually coming into the market. This increased importance on retail trading is illustrated by the fact that large companies that traditionally courted institutional investors are now also discussing ways to tap into retail trader discussion forums on Reddit and Twitter to increase their relevance among this new generation of investors. 

Our Methodology

These were picked based around the hype on these firms on internet platform Reddit. Companies that have seen their share price fall in the past few months despite Redditors’ interest were preferred for the list. A database of around 900 elite hedge funds tracked by Insider Monkey in the second quarter of 2022 was used to quantify the popularity of each stock in the hedge fund universe. 

Source: pexels

Redditors are Buying AMD and Other Stocks on the Dip

10. Uranium Energy Corp. (NYSE:UEC)

Number of Hedge Fund Holders: 8   

Percentage Decrease in Share Price Over Past Six Months: 4% 

Uranium Energy Corp. (NYSE:UEC) engages in exploration, pre-extraction, extraction, and processing uranium and titanium. In late August, the firm announced that it had completed a deal to purchase peer UEX Corp. The firm said that the deal had created the largest diversified North American focused uranium company. Uranium is fast emerging as one of the most sought after energy transition materials as countries around the world pivot away from fossil fuels towards renewable sources. 

On June 15, Canaccord analyst Katie Lachapelle maintained a Speculative Buy rating on Uranium Energy Corp. (NYSE:UEC) stock and increased the price target to $6 from $5.5, noting that the company could surface long-term value from acquired assets. 

At the end of the second quarter of 2022, 8 hedge funds in the database of Insider Monkey held stakes worth $32 million in Uranium Energy Corp. (NYSE:UEC), compared to 12 in the previous quarter worth $39 million. 

Just like Amazon.com, Inc. (NASDAQ:AMZN), Sea Limited (NYSE:SE), and Tesla, Inc. (NASDAQ:TSLA), Uranium Energy Corp. (NYSE:UEC) is one of the stocks that Redditors are monitoring. 

9. Kelly Services, Inc. (NASDAQ:KELYA)

Number of Hedge Fund Holders: 11 

Percentage Decrease in Share Price Over Past Six Months: 32%     

Kelly Services, Inc. (NASDAQ:KELYA) provides workforce solutions to various industries. The firm has interests in various sectors including financial services, information technology, and law. It recently launched a new RPO solution named Kelly Ace. The solution is a recruiting and application chatbot that provides employers with a powerful user interface. On August 11, the firm posted earnings for the second quarter of 2022, reporting earnings per share of $0.06 and a revenue of $1.3 billion, beating estimates by $20 million. It is one of the notable stocks Redditors are buying on the dip. 

On August 16, Barrington analyst Kevin Steinke maintained an Outperform rating on Kelly Services, Inc. (NASDAQ:KELYA) stock and lowered the price target to $25 from $30, revising estimates based on the earnings report of the firm. 

Among the hedge funds being tracked by Insider Monkey, Omaha-based investment firm Millennium Management is a leading shareholder in Kelly Services, Inc. (NASDAQ:KELYA), with 278,907 shares worth more than $5.5 million. 

8. Bed Bath and Beyond Inc. (NASDAQ:BBBY)

Number of Hedge Fund Holders: 14    

Percentage Decrease in Share Price Over Past Six Months: 62% 

Bed Bath and Beyond Inc. (NASDAQ:BBBY) operates a chain of retail stores, offering domestic merchandise. The company, which had for decades used coupon mailers and other promotional discounting tactics to attract consumers, announced recently that it would reduce the use of promotional coupons and tighten restrictions on their use. In mid-September, the company announced that it would be cutting costs and closing down 56 stores across the country as part of this plan, issuing a detailed list mentioning the closures. Redditors are aggressively buying Bed Bath and Beyond Inc. (NASDAQ:BBBY), in addition to AMD. 

On September 1, Bank of America analyst Jason Haas maintained an Underperform rating on Bed Bath and Beyond Inc. (NASDAQ:BBBY) stock and lowered the price target to $2 from $2.40, noting that the firm should have roughly $200 million of cash and investments based on new financing. 

At the end of the second quarter of 2022, 14 hedge funds in the database of Insider Monkey held stakes worth $23 million in Bed Bath and Beyond Inc. (NASDAQ:BBBY), compared to 15 in the previous quarter worth $69 million.

In its Q2 2022 investor letter, Miller Value Partners, an asset management firm, highlighted a few stocks and Bed Bath and Beyond Inc. (NASDAQ:BBBY) was one of them. Here is what the fund said:

“Bed Bath & Beyond 5.165% 08/2044 declined 67.4% in the period. Bed Bath & Beyond reported 4Q21 sales of $2.05 billion, down 22% Y/Y, missing consensus of $2.08 billion. The company lost $0.92 per share in the quarter, down from 4Q20 adjusted EPS of $0.40, below analyst expectations for EPS of $0.03. Management noted supply chain disruptions and the Omicron variant led to inventory availability challenges, which had an estimated sales impact of $175 million, or 8.5% of 4Q21 net sales, and a 400 basis points (bps) Y/Y contraction in 4Q21 adjusted gross margin to 28.8%, driven by product cost increases and higher than anticipated freight and shipping costs. Additional headwinds in the quarter included general weakness in the retail segment, highlighted by big earnings misses from Walmart and Target, along with Moody’s downgrading Bed Bath’s corporate family rating from B1 to B2. (…read more)

7. Rocket Lab USA, Inc. (NASDAQ:RKLB)

Number of Hedge Fund Holders: 14  

Percentage Decrease in Share Price Over Past Six Months: 41%    

Rocket Lab USA, Inc. (NASDAQ:RKLB) a space company that provides launch services and space systems solutions for the space and defense industries. On September 16, the company announced that it had delivered the 30th mission and 150th satellite to orbit following the successful Electron launch. The launch was the first from the Launch Complex 2 of the firm in Wallops Island in Virginia. The launch was also another attempt at recovering an Electron rocket with a helicopter. 

On September 13, Deutsche Bank analyst Edison Yu maintained a Buy rating on Rocket Lab USA, Inc. (NASDAQ:RKLB) stock, noting that the shares had underperformed over the past month despite a strong trajectory heading into the year-end. 

At the end of the second quarter of 2022, 14 hedge funds in the database of Insider Monkey held stakes worth $80.9 million in Rocket Lab USA, Inc. (NASDAQ:RKLB), compared to 19 the preceding quarter worth $167.7 million.

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

Number of Hedge Fund Holders: 87 

Percentage Decrease in Share Price Over Past Six Months: 34% 

Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor manufacturer. The United States is considering import restrictions on chips to China as it plans to rival the manufacturing capabilities of the Asian country in the semiconductor space. Chip stocks like AMD have traded lower as a result since China is a huge market for chips and these restrictions will force Chinese firms in the gaming and other tech-related spaces to source chips from Europe and other places. Redditors are buying AMD in droves lately. 

On August 3, investment advisory KGI Securities upgraded Advanced Micro Devices, Inc. (NASDAQ:AMD) stock to Outperform from Neutral with a price target of $125. Analyst Christine Wang issued the ratings update.

Among the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Advanced Micro Devices, Inc. (NASDAQ:AMD), with 25 million shares worth more than $1.9 billion.

Along with Amazon.com, Inc. (NASDAQ:AMZN), Sea Limited (NYSE:SE), and Tesla, Inc. (NASDAQ:TSLA), Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the stocks that retail investors are buying. 

Here is what Carillon Tower Advisers had to say about Advanced Micro Devices, Inc. (NASDAQ:AMD) in its fourth-quarter 2021 investor letter:

“Advanced Micro Devices, Inc. (NASDAQ:AMD) supplies semiconductor chips for central processing units (CPUs) and graphic processing units (GPUs). The firm has been gaining share against its primary competitor in the datacenter server CPU space, as this rival has been unable to match the design and manufacturing capabilities of AMD and its partners. Investors are also looking forward to the closing of the previously announced merger with a semiconductor manufacturer that is another one of the portfolio’s holdings. The merger will increase AMD’s capabilities in the Field Programmable Gate Array (FPGA) chip space, and the combined company should possess the potential to win additional market share in the datacenter chip market.” 

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Disclosure. None. Redditors are Buying AMD and 9 Other Stocks on the Dip is originally published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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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.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

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Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

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