14 AI News and Ratings That Wall Street Is Watching

Page 9 of 14

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

Number of Hedge Fund Holders: 107

Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor manufacturer. On December 3, news publication The New York Times reported that chip advances made by companies like AMD, as well as customer reactions to their products, were proving that credible NVIDIA alternatives were emerging. The report quoted Daniel Newman, an analyst at Futurum Group, as saying that for some crucial AI tasks, NVIDIA’s rivals were proving they could deliver much faster speed, and at prices that were much lower. He added that this was what everybody had known was possible, and now it was starting to materialize.

Page 9 of 14