20 AI News and Analyst Ratings You Should Not Miss

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

Number of Hedge Fund Holders: 108

Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor manufacturer. The company recently announced that it would be hosting an online event called Advancing AI 2024 on October 10. The event aims to showcase the next-generation AMD Instinct accelerators and 5th Gen AMD EPYC server processors, as well as Networking and AI PC updates, in addition to highlighting the growing AI solutions ecosystem of the company. Senior AMD executives, partners, customers, and developers are expected to participate in the event. AMD CEO Lisa Su will also make an appearance.

Edward Jones recently initiated coverage of Advanced Micro Devices, Inc. (NASDAQ:AMD) stock with a Buy rating and added the shares to a Stock Focus List. Commenting on the inclusion of the chipmaker on the list, the advisory forecasts that the company would deliver outsized growth as growing demand for data center infrastructure would help drive accelerating sales of chips. The investor note by the investment firm further detailed that while the acquisition of Xilinx added new programmable chip products and end-markets to AMD’s business, the company remained in the early innings of cross-selling and integrating Xilinx and AMD products.

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