9 AI News Updates That Analysts Are Monitoring

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

Number of Hedge Fund Holders: 107

Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor manufacturer. The company has been in a competition with NVIDIA in the AI chip race. So far, NVIDIA has managed to stay ahead of AMD. However, the tide appears to be changing. Latest analysis from investment advisory Trefis suggests that a variety of factors are coming together to boost the long-term growth potential of AMD compared to NVIDIA. These include reception among major companies, exemplified by a recent announcement by infotech firm IBB to feature AMD MI300X AI processors on its cloud services by 2025, as well as the changing economic climate where cost efficiency is becoming more pivotal for businesses. Per the report, with NVIDIA GPUs often priced above $25,000, firms are actively seeking alternatives. To support this claim, the advisory referenced Oracle’s selection of AMD chips for its AI supercluster, fueled by pricing competitiveness alongside solid performance metrics.