33 Most Important AI Companies You Should Pay Attention To

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

Number of Hedge Fund Holders: 124

YTD Return as of August 1: 31%

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. Recently, the CEO of tech giant Microsoft praised the Instinct MI300X AI accelerators, one of the premier AI offerings of AMD, as the best price-to-performance AI chip on the market. This is important for the latter since the former has projected that it could sell up to 50 million AI-enabled personal computers in the coming months.

Lisa Su, the CEO of Advanced Micro Devices, Inc. (NASDAQ:AMD), said during the second quarter earnings call that the firm was continuing to accelerate the AI traction as leading cloud and enterprise providers expanded availability of Instinct MI300X solutions marketed by the firm. She added that there were positive demand signals for general-purpose compute in both the client and server processor businesses.

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