15 AI Stocks on Wall Street’s Radar

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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. On November 26, the company announced the launch of the AMD Alveo V80 compute accelerator. Per the firm, the accelerator is aimed at optimizing memory-bound computing tasks in high-performance computing and artificial intelligence applications. According to the chipmaker, this new offering is tailored to meet the increasing demands of large dataset workloads, providing significant advancements in performance and scalability.

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