Top 20 Trending AI News And Analyst Ratings

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

Number of Hedge Fund Holders: 108

Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor manufacturer. Bank of America released a research note on the company ahead of the upcoming Advancing AI event on October 10. The note detailed that last year’s AI event on December 6 produced 19% and 80% stock returns one month and three months later, respectively. The advisory further argued that roadmap updates in AI and server CPU with supporting cloud customer comments could also reinvigorate AMD stock. However, per the note, the competitive landscape was getting crowded, while expectations were already high with investors expecting AMD to boost calendar year 2024 AI sales by another 10% to $5 billion-plus.

Latest reports, published by tech-focused website The Verge, claim that Advanced Micro Devices, Inc. (NASDAQ:AMD) is releasing updates to improve the performance of its Ryzen 9000-series processors on the Zen 5 desktop following some negative reviews from the gaming community. CPU users had reported higher-than-expected core-to-core latency across the Ryzen 9000-series of desktop processors, and now AMD has addressed this with a new BIOS optimization, per the report.

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