15 AI Stocks That Are Dominating Headlines

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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. Mizuho analyst Vijay Rakesh recently penned an investor note on the AI industry, noting that AMD expected the AI server market to grow to $500 billion in size by 2028. Per Rakesh, the AI server market was now a total addressable market of $400 billion or more and could grow more than 60% between 2023 and 2027. As it anticipates this growth in AI, the firm recently also confirmed plans to reduce its global workforce by 4% as it implements AI growth plans.

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