15 AI News You Should Not Ignore

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

Number of Hedge Fund Holders: 107

Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor manufacturer. A new report from tech news platform PC Watch shows that the latest chips developed by Zhaoxin, a Chinese joint venture between Via Technologies and Shanghai Municipal Government, are faster than their predecessors but lag years behind the technology of American chipmakers like AMD. Chinese and US firms are engaged in a battle for AI supremacy as the US government steps up efforts to restrict export of advanced chips to China, forcing Chinese businesses to turn to domestic manufacturers that are not equipped for the task.

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