Top 10 Technology Stocks to Buy According to Hedge Funds

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

Number of Hedge Fund Holders: 113

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Top Technology Stocks to Buy According to Hedge Funds. On August 20, Somite.ai announced a strategic investment from AMD Ventures, following the former’s $47 million Series A closing led by Khosla Ventures in May. Notably, AMD Ventures is the venture capital arm of Advanced Micro Devices, Inc. (NASDAQ:AMD). Furthermore, the collaboration combines Somite’s capsule-based data generation platform with industry-leading AMD Instinct™ GPUs, fueling compute power to accelerate training of Somite’s foundation models.

Elsewhere, Advanced Micro Devices, Inc. (NASDAQ:AMD) delivered healthy revenue growth in Q2 2025 led by record server and PC processor sales. Notably, its Q2 2025 revenue came in at a record $7.7 billion. Advanced Micro Devices, Inc. (NASDAQ:AMD) continues to see strong demand throughout its computing and AI product portfolio and remains well placed to deliver healthy growth in H2 2025, thanks to the ramp of its AMD Instinct MI350 series accelerators and ongoing EPYC and Ryzen processor share gains.

Longriver Investment Partners released its Q2 2025 investor letter. Here is what the fund said:

“Nvidia’s NVLink, its high-bandwidth interconnect, underpins training at scale, where GPUs must coordinate across racks. NVLink Fusion, announced this year, may extend that advantage by letting custom chips plug into Nvidia’s system rather than replace it. However, many inference tasks can be handled independently, one GPU at a time. That lowers the importance of networking, and with it, Nvidia’s edge in tightly integrated systems.

This has given Advanced Micro Devices, Inc. (NASDAQ:AMD) a window to become more than a second source. Its MI300X is now deployed at Microsoft, Meta, Oracle, and Dell. In some inference workloads, it beats Nvidia’s H100. As one expert put it, “ROCm used to be a science project. Now we’re finally seeing it run real workloads.” AMD plans to ship full-rack MI400 systems next year. It still trails in training, but inference gives it a real wedge into the market.

AMD is also leaning into openness. ROCm is open source, its interconnects run over Ethernet, not proprietary links, and it is sticking with x86 CPUs. That may appeal to buyers wary of lock-in or reluctant to cross-compile for ARM.”