Is Advanced Micro Devices (AMD) One of the Best Long Term Growth Stocks to Buy According to Hedge Funds?

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the best long term growth stocks to buy according to hedge funds. Advanced Micro Devices, Inc. (NASDAQ:AMD) introduced the AMD Ryzen™ AI Embedded processors on January 5, which is a new portfolio of embedded x86 processors specialized to power AI-driven applications at the edge.

Management reported that the new P100 and X100 Series processors offer tier-1 suppliers, OEMs, and system and software developers in industrial and automotive markets with efficient and high-performance AI compute in a compact BGA (ball grid array) package, ranging from smart healthcare and automotive digital cockpits to physical AI for autonomous systems, such as humanoid robotics.

Advanced Micro Devices, Inc. (NASDAQ:AMD) added that the processors integrate an XDNA 2 NPU for low-latency, low-power AI acceleration, the high-performance “Zen 5” core architecture for deterministic control and scalable x86 performance, and an XDNA 2 NPU for low-latency, low-power AI acceleration, all into a single chip.

In another development, Advanced Micro Devices, Inc. (NASDAQ:AMD) announced on January 2 an expanded collaboration with HPE for the acceleration of the next generation of open, scalable AI infrastructure built on the company’s compute technologies. It added that HPE would take the position of one of the first system providers to adopt the AMD “Helios” rack-scale AI architecture, integrating a purpose-built HPE Juniper Networking scale-up switch (in collaboration with Broadcom) and software for high-bandwidth connectivity over Ethernet.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global semiconductor company focused on high-performance computing, visualization technologies, and graphics.

While we acknowledge the potential of AMD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.