Top 10 Unlikely AI Stocks with Tremendous Upside Potential

7. GLOBALFOUNDRIES Inc. (NASDAQ:GFS)

Number of Hedge Fund Holders: 22

GLOBALFOUNDRIES Inc. (NASDAQ:GFS) is a semiconductor foundry that provides a range of mainstream wafer fabrication services and technologies worldwide. Thanks to a robust and global manufacturing footprint, the company serves some of the most prominent chip designers and technology companies. On January 6th, the company inked a strategic partnership with UK-based quantum computing company Quantum Motion.

The partnership paves the way for the company to produce Quantum Motion’s silicon chip that features 1024 quantum dots using its scalable silicon platform  22FDX platform. The platform uses industry leading capabilities such as power efficient edge processing, wider temperature range and system on chip integration. The company’s 22FDX platform, a cutting-edge technology tailored for AI applications, is in high demand.

 The technology is perfect for artificial intelligence and machine learning workloads as it offers up to 50% better performance and 70% less power consumption than other planar technologies. Amid the strong demand, GLOBALFOUNDRIES Inc. (NASDAQ:GFS) has also expanded its manufacturing partnership with Lightmatter to enhance silicon photonics for improved data transfer.