15 AI News You Should Not Ignore

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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. On November 25, Bernstein analyst Stacy Rasgon maintained a Market Perform rating on the stock with a price target of $150. Per the analyst, AMD gained roughly two points of notebook unit share in the third quarter to 19.2%, while it gained roughly six points in desktop units to 28.7%. Revenue share for the Dr. Lisa Su-led company was also up, ending the quarter at roughly 27.3%, up roughly eight points sequentially, he noted. It remains to be seen how much of AMD’s sizable share gains in Q3 might have been the result of Intel simply flushing the channel vs more sustainable, Rasgon underlined.

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