Is Advanced Micro Devices (AMD) the Tech Stock That Trump’s Fellow Republican Bought Amid Market Rout?
From Yahoo Finance: 2025-05-14 12:58:00
A recent article highlighted 10 tech stocks purchased by Trump’s fellow Republican during a market rout. By tracking politicians’ stock investments, investors can anticipate potential policy treatment for certain industries. The STOCK Act ensures transparency by requiring politicians to report trades within 45 days. Some stocks bought by Marjorie Taylor Greene have already rebounded despite market struggles.
One of the tech stocks on the list is Advanced Micro Devices, Inc. (AMD), which has 96 hedge fund holders. AMD operates in the semiconductor industry, offering products like AI accelerators and microprocessors. The stock has fallen by 32.62% in the last 6 months due to economic concerns and export restrictions impacting earnings. JP Morgan estimates a 10% revenue hit for AMD.
Despite recent challenges, AMD reported a 69% growth in data center revenue in the previous quarter. The company remains optimistic about its turnaround prospects, with strong balance sheets and cash flow generation. While AMD ranks 4th on the list of tech stocks, other AI stocks may offer higher returns in a shorter time frame. Investors can explore undervalued AI stocks for potential gains.
Overall, while AMD shows promise as an investment, there are AI stocks with greater potential for higher returns. It’s crucial to consider different investment options, especially those with significant upside potential. For more insights on AI stocks and investment opportunities, readers can explore additional articles on the topic. This article was originally published on Insider Monkey.
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