AI News Investors Should Not Miss

Page 26 of 35

10. 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 Oracle Cloud Infrastructure would be deploying the MI300X GPUs to power the newest Oracle Cloud Infrastructure Compute Supercluster instance.

Following the news, Wells Fargo released an investor note on Advanced Micro Devices, Inc. (NASDAQ:AMD), maintaining an Overweight rating on the stock with a price target of $205. The advisory detailed that the news was an incremental positive and the press release issued by the semiconductor firm specifically highlighted the MI300X GPUs as well positioned for inference capabilities, a theme the company would emphasize at an upcoming artificial intelligence event expected to be held on October 10.

Page 26 of 35