Top 10 Hot AI Stocks Dominating Headlines

4. GlobalFoundries Inc. (NASDAQ:GFS)

Number of Hedge Fund Holders: 24

GlobalFoundries Inc. (NASDAQ:GFS) is a leading designer and manufacturer of power-efficient and high-performance semiconductor products for the automotive industry, smart mobile devices, IoT, and communications infrastructure, among other high-growth sectors.

On February 27th, GlobalFoundries Inc. (NASDAQ:GFS) announced a new master research agreement with the Massachusetts Institute of Technology to jointly pursue innovations for improving the performance and efficiency of critical semiconductor technologies. The first projects will focus on AI and related applications, leveraging the company’s silicon photonics technology and 22FDX platform that prioritizes power efficiencies for data centers and intelligent devices.

“By bringing together MIT’s world-renowned capabilities with GF’s leading semiconductor platforms, we are positioned to drive significant research advancements in GF’s essential chip technologies for AI. This collaboration underscores our commitment to innovation and highlights our dedication to developing the next generation of talent in the semiconductor industry. Together, we will research transformative solutions in the industry.”

-said Gregg Bartlett, chief technology officer at GlobalFoundries Inc.