9 AI Stocks Investors Are Monitoring

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

Number of Hedge Fund Holders: 107

Advanced Micro Devices, Inc. (NASDAQ:AMD) develops semiconductors, providing processors and graphics technologies for gaming, data centers, and AI-driven high-performance computing. On February 4th, Morgan Stanley analyst Joseph Moore lowered the firm’s price target on the stock to $147 from $158 and kept an “Equal-Weight” rating on the shares. The rating has been issued ahead of the earnings report for AMD today, after markets close. The analyst told investors in a preview that expectations are lower in artificial intelligence. Moreover, stronger servers are anticipated to support revenue growth, but the next catalysts “feel further out in time”.