11 Trending AI Stocks on Latest News and Ratings

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

Number of Hedge Fund Holders: 107

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a semiconductor company that leverages AI through its advanced processors and GPUs. Its products support AI workloads, data processing, and adaptive computing for sectors like cloud services and data centers.

On December 6, Business Insider reported that AWS has not yet made AMD’s AI chips available on its cloud platform, citing low customer demand. Although AMD’s MI300 series was under consideration last year, AWS has not publicly committed to offering them. According to Gadi Hutt of Amazon’s Annapurna Labs, AWS would deploy the chips if there were stronger customer interest, but that demand hasn’t materialized.

AWS already provides access to Nvidia’s GPUs and recently launched servers with Nvidia’s Blackwell GPUs. While AWS and AMD maintain a partnership for CPU chips, AMD’s AI chips are still being evaluated, according to the report.

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