12 Best Artificial Intelligence Stocks Under $50 According to Analysts

9. Globalfoundries Inc. (NASDAQ:GFS)

Share Price as of January 5: $43.18

Average Upside Potential as of January 5: 13.48%

Number of Hedge Fund Holders: 22

Globalfoundries Inc. (NASDAQ:GFS) is a semiconductor foundry that produces integrated circuits (ICs) across a range of advanced and mature process technologies. With a global manufacturing footprint, it serves major chip designers and technology companies, providing them with cutting-edge semiconductor manufacturing capabilities.

The company is growing due to the strong demand for its 22FDX platform, which is a leading-edge technology optimized for AI applications. This is a 22nm Fully-Depleted Silicon-on-Insulator (FD-SOI) process technology that is optimized for low-power applications, particularly in areas like AI, IoT, and automotive. This technology delivers up to 50% higher performance and 70% lower power consumption compared to other planar technologies, making it ideal for AI/ML workloads. Planar technologies refer to manufacturing techniques that create ICs on a flat, 2D surface.

The 22FDX platform is attracting customer interest, as evidenced by the design win with NXP for AI-powered applications in automotive, IoT, and smart mobile devices. Globalfoundries Inc. (NASDAQ:GFS) is solidifying its position as a leader in the AI semiconductor market, capturing a significant portion of the estimated $300 billion AI chip market projected to emerge by 2028.