10 AI News You Should Take a Look At

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

Number of Hedge Fund Holders: 107

Advanced Micro Devices, Inc. (NASDAQ:AMD) develops semiconductors, offering processors and graphics solutions for gaming, data centers, and embedded systems, with a focus on high-performance computing for AI tasks.

On January 28, Melius Research downgraded AMD from Buy to Hold, lowering its price target to $129 from $160. The firm highlighted increased long-term concerns about AMD’s x86 server and PC markets, primarily due to Nvidia’s growing competition with Arm-based CPUs and custom chips. Despite a previous sales reduction in January, Melius remains cautious about AMD’s future outlook, particularly regarding the potential market share loss to Nvidia.