We recently compiled a list of 14 AI News That Disrupted the Internet This Week. In this article, we’ll take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stacks up against the other AI stocks that broke the internet this week.
The World Trade Organization (WTO) recently released a report examining how artificial intelligence could shape the future of international trade. The report projects that global real trade growth could increase by almost 14 percentage points by 2040 under optimistic scenarios of universal adoption of AI, but only 7 percentage points under widespread adoption uneven. Digitally delivered services could grow by 18 percentage points in a best-case scenario. Although high-income economies may gain the most productivity, low-income economies are able to reduce trade costs more effectively, he says.
Learn more about these developments by accessing 10 Best AI Data Center Stocks And 10 Hot AI Stocks According to Goldman Sachs.
However, the report also warns of growing divisions in AI, data governance challenges and intellectual property issues. It calls for global coordination through the WTO to address these risks and ensure that AI promotes inclusive and fair trade. Based on the conclusions drawn from the report, the WTO highlights that AI has the potential to reduce trade costs, reshape trade in services, increase trade in AI-related goods and services and redefine comparative advantages between economies.
ALSO READ: 30 The Most Important AI Stocks According to BlackRock And Beyond Tech Giants: 35 Non-Tech AI Opportunities.
For this article, we selected AI stocks by combing through news articles, stock analyzes and press releases. These stocks are also popular among hedge funds. Why are we interested in stocks that hedge funds are piling into? The reason is simple: our research has shown that we can outperform the market by imitating the stocks selected by the best hedge funds. Our quarterly newsletter strategy selects 14 small- and large-cap stocks each quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
A close-up of a complex-looking PCB board with several integrated semiconductor parts.
Number of hedge fund holders: 107
Advanced Micro Devices, Inc. (NASDAQ: AMD) operates as a semiconductor manufacturer. On November 27, hardware news platform Phoronix reported that AMD software engineers had begun improving their support for open source and upstream-focused Linux drivers in anticipation of the launch of evaluation kits Versal2. Earlier this year, the chipmaker announced Versal Gen 2 adaptive SoCs for AI-based embedded systems. SoCs aim to provide end-to-end acceleration for embedded systems.