US-China Semiconductor War: 5 Stocks to Watch

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

Number of Hedge Fund Holders: 87

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global semiconductor company. It operates through its Computing and Graphics, and Enterprise, Embedded, and Semi-Custom segments.

Mizuho’s Vijay Rakesh holds a Buy rating on Advanced Micro Devices, Inc. (NASDAQ:AMD) shares as well, as of September 15. The analyst holds a $125 price target on the stock.

Alongside NVIDIA Corporation, the Department of Commerce’s rules prohibiting US companies from shipping AI computing chips to China also impacts Advanced Micro Devices, Inc. (NASDAQ:AMD). Advanced Micro Devices, Inc. (NASDAQ:AMD) was also instructed to halt all shipments of the targeted chips that were to be sent to China, presumably because of heightened US-China tensions.

Advanced Micro Devices, Inc. (NASDAQ:AMD) had 87 hedge funds long its stock in the second quarter, with a total stake value of $4.8 billion.

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