Top 5 Stocks That Kayak Investment Partners is Buying

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

Kayak Investment Partners raised its stake in chipmaker Advanced Micro Devices, Inc. (NASDAQ:AMD) by 28% during the September quarter, building the size of its holding to 351,716 shares worth $36.19 million at the end of Q3. 65 of the hedge funds tracked by Insider Monkey’s database were long Advanced Micro Devices, Inc. (NASDAQ:AMD) on September 30.

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares have enjoyed an incredible ride over the last six years, gaining more than 5000% while hedge fund ownership of the stock has climbed by 500% during that time. AMD earned EPS of $0.73 excluding items during Q3, topping estimated by $0.06, while its revenue of $4.31 billion was $190 million greater than expectations.