12 AI News and Ratings Investors Probably Missed

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

Number of Hedge Fund Holders: 107

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a semiconductor company offering products like microprocessors, GPUs, and system-on-chip solutions across multiple segments including data centers, gaming, and embedded systems.

Advanced Micro Devices (NASDAQ:AMD) EVP and GM of the Data Center Group, Forrest Norrod joined UBS Global Technology and AI Conference on December 3. Norrod outlined the company’s growth and strategic focus on AI optimization. He emphasized AMD’s broad portfolio, including CPUs, GPUs, and networking, with an integrated approach for AI solutions. AMD supports both liquid-cooled and air-cooled solutions, offering flexibility for data center deployments. While the MI400 will be AMD’s first fully rack-scale product, the MI350 will perform well in data centers in the meantime.

Norrod also provided an update on AMD’s acquisition of server builder ZT Systems, which will close by mid-2025, improving system design capabilities for high-density environments. The company is focusing on ultra-Ethernet networking for large-scale clusters, and its MI325X and MI350 products are positioned to compete effectively with NVIDIA.

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