13 AI News That Broke the Internet

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

Number of Hedge Fund Holders: 107

Advanced Micro Devices, Inc. (NASDAQ:AMD) develops a variety of processors, graphics, and AI-focused products, including GPUs, accelerators, and adaptive systems-on-chips. The company provides solutions optimized for AI workloads, data processing, and network acceleration, supporting applications across data centers, gaming, and embedded systems.

At Barclays 22nd Annual Global Technology Conference, AMD’s CFO and Treasurer, Jean Hu mentioned that she sees continued momentum, especially with the launch of the Turin family of products. She acknowledged the growing demand for AI but emphasized that general compute workloads, powered by CPUs, remain strong and will drive further growth. Looking ahead to 2025, AMD expects to build on the success of the MI300 series, with new products like the MI325 and MI350, and a broadening customer base. AMD continues to engage with major players like Microsoft and Meta while expanding into new sectors and applications for AI and general compute workloads.

Jean Hu also discussed AMD’s ongoing efforts to expand its presence in the GenAI market, emphasizing the importance of system expertise and software investment. She highlighted the company’s acquisition of VT Systems as a key step in developing system-level solutions, with the full benefits expected from their MI400 product in 2026.