15 AI Stocks Every Investor Should Be Watching

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

Number of Hedge Fund Holders: 107

Advanced Micro Devices, Inc. (NASDAQ:AMD) develops semiconductors, providing processors and graphics technologies for gaming, data centers, and AI-driven high-performance computing. On February 18, Vultr, a privately-held cloud infrastructure company, announced that it has deployed AMD’s Instinct™ MI325X GPUs in its Chicago data center region.

The deployment of AMD GPUs makes Vultr the first cloud provider to offer these cutting-edge AI solutions. The news follows Vultr’s growth financing at a $3.5 billion valuation and an expanded collaboration with AMD to provide access to AMD Instinct™ MI300X GPUs and the ROCm™ open software ecosystem. Through the AMD-Vultr collaboration, businesses have the power to build and scale AI-native applications on robust cloud infrastructure.

“Designed for exceptional performance and efficiency, the AMD Instinct MI325X accelerators excel in demanding AI tasks such as foundation model training, fine-tuning, and inferencing. With the addition of the AMD Instinct MI325X, Vultr is empowering businesses with cutting-edge AI technology to harness the necessary computational power and efficiency to drive AI advancement and accelerate growth.”

-Negin Oliver, corporate vice president of business development, Data Center GPU Business Unit, AMD.

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