We recently published a list of 15 AI News Updates Investors Are Watching. In this article, we’ll take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stacks up against other AI news updates that investors are watching.
The chip war between the United States and China is in full swing. After reports that the United States was considering further restricting the export of advanced AI chips to Chinese companies, Beijing responded by saying it would take necessary steps to protect Chinese companies if the United States steps up their flea control measures. According to a report from the Reuters news agency, when asked about reports that the United States planned to add 200 Chinese companies to a trade blacklist, a Chinese government spokesperson said that China strongly opposed to the United States’ expansion of the concept of national security and the abuse of control. measures targeting Chinese companies.
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He Yadong, a spokesperson for the Ministry of Commerce, said these actions seriously disrupt the international economic and trade order, destabilize global industrial security, and harm cooperative efforts between China and the United States, as well as the global semiconductor industry, according to Reuters. If the United States insists on intensifying control measures, China will take necessary measures to resolutely protect the legitimate rights of Chinese companies, he added. The report adds that the United States fears that China will use microchips to enhance its military capabilities.
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 28, Advantech, a company that provides embedded computing solutions, announced the launch of new x86 series platforms featuring AMD EPYC and Ryzen processors for edge, security and cloud applications. AMD processors offer up to 128 cores, improving performance for AI and data-intensive tasks. SKY Series servers are designed for AI, cloud and edge computing, using AMD EPYC processors for high performance.