US Politicians are Buying These 5 Semiconductor Stocks

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In this article, we discuss the 5 semiconductor stocks that US politicians are buying. If you want to read about some more semiconductor stocks that US politicians are buying, go directly to US Politicians are Buying These 10 Semiconductor Stocks.

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

Number of Hedge Fund Holders: 83 

Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor manufacturer. On June 15, US House member Ro Khanna revealed that his child had bought Advanced Micro Devices, Inc. (NASDAQ:AMD) stock worth somewhere between $1,000 to $15,000. The transaction in this regard took place in early May.  

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 24 million shares worth more than $2.6 billion.

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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