20 AI News That Broke The Internet This Month

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

Number of Hedge Fund Holders: 108

Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor manufacturer. It offers AI-enabled chips for several industries, including data center and cloud, personal computers, adaptive and embedded devices, and gaming. Reports released earlier this month indicate that software giant Oracle has selected AMD Instinct MI300X accelerators with ROCm open software to power its newest OCI Compute Supercluster instance. The Oracle Cloud Infrastructure Supercluster is a cloud computing cluster that provides high-performance AI infrastructure for training, tuning, and deploying generative AI. Advanced Micro Devices, Inc. (NASDAQ:AMD) is trying to compete with AI giant NVIDIA in AI hardware. The high cost of AI chips being sold by NVIDIA have created a market for AMD chips that are cheaper but lag a little in performance.

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