13 AI News and Ratings on Wall Street’s Radar

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

Number of Hedge Fund Holders: 107

Advanced Micro Devices, Inc. (NASDAQ:AMD) is known for its semiconductor products, including processors and graphics units designed for data centers, gaming, and embedded systems. The company specializes in delivering high-performance computing solutions optimized for AI applications.

AMD received an upgrade from S&P Global to an ‘A’ credit rating from ‘A-‘ due to its strong growth prospects, especially in x86 product segments and AI-accelerated computing chip sales. Ratings for its short-term and commercial paper were also raised to ‘A-1’ from ‘A-2’. The stable outlook shows expectations of continued x86 server CPU market share gains and growth in the AI-accelerated computing market through 2025.

AMD is projected to achieve 13% revenue growth in 2024 and 24% in 2025, driven by strong performance in its data center segment. Strong free operating cash flow, a solid balance sheet, and careful financial policies are expected to support acquisitions and shareholder returns.

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