10 AI Stocks You Shouldn’t Overlook Right Now

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

Number of Hedge Fund Holders: 96

Advanced Micro Devices, Inc. (NASDAQ:AMD) develops and sells semiconductors, processors, and GPUs for data centers, gaming, AI, and embedded applications. On April 15, the company announced that its key processor chips would soon be made at TSMC’s new production site in Arizona. This will mark the first time that its products will be manufactured in the United States.

“Our new fifth-generation EPYC is doing very well, so we’re ready to start production.”

-AMD Chief Executive Lisa Su told reporters in Taipei.

Besides AMD, Apple and Nvidia have said that some of their chips are being produced at TSMC’s Arizona plant.

“We want to have a very resilient supply chain, so Taiwan continues to be a very important part of that supply chain, but the United States is also going to be important and we’re expanding our work there, including our work with TSMC and other key supply chain partners.”

-Su.