12 Trending AI Stocks on Latest News and Ratings

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

Number of Hedge Fund Holders: 107

Advanced Micro Devices, Inc. (NASDAQ:AMD) develops semiconductors, providing processors and graphics technologies for gaming, data centers, and AI-driven high-performance computing. On February 5th, analyst Blayne Curtis from Jefferies maintained a “Buy” rating on the stock and a $135.00 price target. The firm’s buy rating stems from AMD’s strong performance in the Client and Server segments. Both of these segments are currently outperforming and even gaining market share from competitors such as Intel. The artificial intelligence segment may have slowed down for now, but the release of the MI350x scheduled for the latter half of the year will drive future growth. Additionally, recent financial results show AMD’s strength in the PC client business and gaming sectors, contributing to the revenue beat. Curtis is concerned about the AI segment’s performance, but overall growth in AMD’s core business warrants a buy.

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