10 AI News Updates You Should Not Miss

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

Number of Hedge Fund Holders: 107

Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor manufacturer. The company is at the forefront of AI innovation, and interest by Wall Street titans is a reminder that it is successfully monetizing this innovation and creating value for shareholders. Latest disclosures from hedge fund billionaire Steve Cohen, who leads Point72 Asset Management, reveal that Cohen has invested $143 million in the chipmaker over the past three months. His stake in AMD comprises more than 870,000 shares and represents his first significant investment in the company since the third quarter of 2022, before the advent of ChatGPT.

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