15 AI News Updates Taking Wall Street By Storm

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

Market Capitalization: $240 Billion

Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor manufacturer. Latest reports from tech website Smartphone Magazine indicate that the company is planning to enter the smartphone market, and is in talks with phone makers to integrate the Ryzen processors, which are AI-capable, into smart handheld devices. AMD is well-known for powering PCs, but the recent foray of QUALCOMM, a phone-first semi firm, into the PC world, might be one of the reasons behind the AMD move, per the report.

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