15 AI News Investors Are Paying Attention To

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

Number of Hedge Fund Holders: 107

Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor manufacturer. TensorWave, a cloud service provider, announced that it is working on making the world’s largest GPU clusters built on AMD Instinct MI300X, MI325X, and MI350X AI accelerators. The cloud firm claims that a key aspect of the development is the use of the newly introduced Ultra Ethernet standard, which will improve data transmission within AI systems. Darrick Horton, the CEO of the firm, said that with 1 Gigawatt of capacity, the aim was to massively scale deployments in 2025.

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