Advanced Micro Devices

Advanced Micro Devices designs the processors and graphics chips that power PCs, game consoles, data centres and, increasingly, artificial-intelligence workloads. Under chief executive Lisa Su the company transformed from a struggling also-ran into a credible rival to Intel and Nvidia, winning share in server CPUs and pushing hard into AI accelerators, a market that could define its next decade. AMD pays no dividend. It reinvests its cash into research and chip development and returns capital, when it does, through buybacks rather than distributions. This is a pure growth and technology holding, valued for its position in computing and AI rather than for income. Its moderate DiviScore reflects the absence of a payout rather than any weakness in the business.