There is huge upward potential in the stock pick of unknown billionaire Phil Gross

We recently released a list 10 stocks of unknown billionaire Phil Gross with huge upward potential. In this article, we will explore Advanced Micro Devices, Inc. (NASDAQ: AMD) stock picks with other unknown billionaire Phil Gross have huge upside potential.

Phillip "Phil" Gross is an experienced investor and influential figure who is co-founder, managing director, managing director and healthcare portfolio manager of Adage Capital Management. Robert Atchinson is his longtime collaborator and co-founder Robert Atchinson as the company’s portfolio manager, while Gross’s leadership and strategic vision plays a foundation in shaping Adage’s long-term investment philosophy and reputation. The two worked as donation analysts at Harvard University in the mid-1980s. Their professional synergy led them to leave Harvard Management in the 1990s after conducting a public review of performance-based bonuses. With Harvard’s initial $1.8 billion investment backed and a deal to acquire 10% of the company’s revenue for the university, they launched Adage Capital Management in 2001 with a team of 18 people.

Under Gross's co-led leadership, Adage has become a key player in client management assets in prestigious institutions such as Harvard, Dartmouth College, Northwestern University, the American Red Cross and the Getty Foundation. The company specializes in long/short equity strategies guided by fundamental analysis and conducts risk arbitrage and event-driven opportunities when market conditions are favorable. Adage Capital Management and its predecessor, Harvard Management, featured equity group, has consistently surpassed the broader market benchmark by 3.5% over the past 15 years. This proves that GROSS helps instill disciplines in a research-driven investment framework.

Gross himself has brought a deep background to healthcare investment, serving at Harvard Management for nearly two decades, holding various positions including healthcare and retail analysts, equity research director and partner. His academic certificates include Bachelor of Finance and Economics from the University of Wisconsin (1982) and MS from Investments (1983). He is still actively interacting with his alma mater and serves on the advisory board of Steve Hawk Applied Securities Analysis Center and Nicholas Applied Companies Financing Center. In recognition of his professional achievements and continued contribution, Gross received the Distinguished Alumni Award from the University of Wisconsin Business School in 2006.

Beyond finance, Gross is a determined philanthropist. He co-founded the Strategic Grant Partner, an organization dedicated to driving systemic changes in education and family services throughout Massachusetts. He also serves as Vice President of the Board of Directors of Youth Enrichment Services, a nonprofit organization that provides outdoor entertainment experiences for urban youth. Additionally, he holds a board position with the American Skiing and Skiing Association, where he serves as Vice Chairman of the Investment Committee and a board position with the T2 Foundation.

Adage Capital Management reported $57.19 billion in custodial securities for the latest 13F filings filed in Q4 2024, with the top ten holdings accounting for 31.7% of the total portfolio portfolio, indicating a strategic but diversified approach to asset allocation. Although Atchinson oversees day-to-day portfolio management, Gross's enduring influence and expertise, especially in healthcare investment, continues to shape the company's long-term success and institutional credibility.

We searched Adage Capital Management's 4th quarter 2024 13F file to identify the stock picks of unknown billionaire Phil Gross with the highest upside potential. At the time of writing, we compiled stocks with upside potential above 34%, and discussed why they are powerful potential investments. Finally, we rank stocks according to the rising order of their upward potential. To help readers provide more environments, we use data from 1,009 hedge funds tracked in the fourth quarter of 2024 with Insider Monkey refer to hedge fund sentiment around each stock.

Why are we interested in stocks that hedge funds to accumulate? The reason is simple: Our research shows that we can beat the market by mimicking the top stocks of the best hedge funds. Our quarterly newsletter strategy selects 14 small and large stocks every quarter, returning 363.5% since May 2014, exceeding 208 percentage points (See more details here).

Advanced Micro Devices, Inc. (AMD): There is huge upward potential in the stock draft of unknown billionaire Phil Gross

Close-up of a complex PCB board with several mutual semiconductor parts on it.

Number of hedge fund holders as of the fourth quarter

Adage Capital Management's Equity shares: $170.35 million

As of May 2: 38.84%

Advanced Micro Devices, Inc. (NASDAQ: AMD) is a leading U.S. multinational technology company based in Santa Clara, California, with substantial operations in Austin, Texas. As a suitable semiconductor company, AMD specializes in designing and developing high-performance computing components including central processing units (CPUs), graphics processing units (GPUs), field programmable gate arrays (FPGASs), and System-On-On-Chip (SOC) solutions. The company serves a variety of fields, from gaming and embedded systems to data centers and artificial intelligence (AI). AMD's innovative hardware plays a crucial role in powering consumer devices and enterprise-scale computing infrastructure.

Advanced Micro Devices, Inc. (NASDAQ:AMD) reported significant achievements in several business areas in its fourth quarter and full year financial results. The fourth quarter revenue reached a record $7.7 billion, with GAAP gross margin of 51%, operating income of $871 million and net income of $482 million. Diluted earnings per share were $0.29. On a non-GAAP basis, the company achieved stronger results, including 54% gross margin, $2 billion in operating income, $1.8 billion in net income and $1.09 in diluted earnings per share.

CEO Dr. Lisa Su describes 2024 as a year of change for the company, marked by accelerated growth in the AMD data center segment. The division's annual revenue has almost doubled, due to the rapid adoption of EPYC processors and over $5 billion in Intinct Accelerator revenue. In the fourth quarter alone, data center revenue reached a record $3.9 billion, reflecting a 69% year-on-year increase. The customer segment also performed well, with quarterly revenue up 58% year-on-year to $2.3 billion, driven by strong demand for Ryzen processors. Instead, the gaming division fell 59% to $563 million, attributed to a decline in semi-regular revenue. The embedded segment revenue was $923 million, with market demand volatility down 13%. Looking ahead to 2025, Advanced Micro Devices, Inc. (NASDAQ:AMD) expects to continue to grow, leveraging the strength of its portfolio and the growing demand for adaptive and high-performance computing solutions.

Artisan Global Opportun Fund stated about Advanced Micro Devices, Inc in its fourth quarter 2024. (NASDAQ:AMD) Investor's letter:

“Among our top critics there are Advanced Micro Devices, Inc. (NASDAQ: AMD), Novo Nordisk and Danaher. AMD's stock price fell in the fourth quarter and the stock's frustrating year seems to be inconsistent with its basic progress. Regarding its AI opportunities, the company has accomplished everything we hoped for in the past 18 months. It successfully entered the market with its MI300 graphics processing unit (GPU) chip and raised its latest AI-related revenue guide to $5 billion in 2024, from $4.5 billion to $5 billion. However, its share encounters weaknesses for two reasons. First is the emergence of customized AI accelerator solutions from Broadcom and Marvell (buyed in Q4) as an alternative to GPU solutions from NVIDIA and AMD. Although this competitive threat is more important than we initially expected, we are still excited about the opportunity for AMD to move forward. We believe that AI-related markets will grow to $400 billion - in the next three years (compared to $100 billion in 2024). We expect NVIDIA's market share to drop from 2024 to 80%–80% market share to the market share of TheSamePerioDasitcedES to AMD (from 2024 to 10%–20%) and custom accelerator solutions (from 5% to 10%–20% in 2024). Based on these assumptions, we expect AI GPUs to double AMD's 2024 sales. The second is a cyclical struggle within other areas of its business. Although data center revenues have more than doubled in the past two years, the gaming business has dropped by more than 60%, and embedded (specialized chips found in a variety of industrial and consumer products) has dropped by 20%. As its data center business continues to grow and the cyclical sector of its business is back, we expect AMD to bring higher revenue growth. ”

Overall, AMD Ranked fifth There is huge upside potential in the stock picks of our unknown billionaire Phil Gross. While we acknowledge the potential of these stock options, our belief is that AI stocks provide higher returns in a shorter time frame and do this during this period. AI stocks have risen since the beginning of 2025, while popular AI stocks have lost about 25%. If you are looking for AI stocks that are more promising than AMD but have less than 5 times its earnings, check out our report Cheapest AI stocks.

Read the next article: Buy 20 Best AI Stocks Now and According to the billionaire, there are now 30 best stocks.

Disclosure: None. This article was originally published in Internal monkey.