We recently compiled a list of 9 Trending AI Stocks on Latest News and Notes. In this article, we’ll take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stands in relation to other trending AI stocks.
xAI founder Elon Musk has raised billions of dollars for his AI startup in recent months. Recent comments from the eccentric billionaire suggest he is planning to launch an AI-powered games studio through xAI that will rival game studios owned by large companies. He made the remarks in a post on social media platform X. The startup’s valuation has exploded in recent years. Developer Grok recently raised $5 billion in new funding, bringing the startup’s valuation to $50 billion, according to a Wall Street Journal report.
Learn more about these developments by accessing 10 Best AI Data Center Stocks And 10 Hot AI Stocks According to Goldman Sachs.
Just like xAI, other AI startups are also turning heads in the venture capital world. For example, technology news platform TechCrunch reports that Pathway, an AI startup, just raised a $10 million seed round to build live AI systems that the company says think and learn in real time like humans do. According to the report, the Pathway offering includes what it calls infrastructure components that power live AI systems, feeding on structured and unstructured data, meaning AI platforms d The company can make decisions based on up-to-date knowledge. Customers so far include NATO and the French Post, the report adds.
Learn more about these developments by accessing 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. Latest reports suggest that the company recently released a BIOS and workload tuning guide with simple settings recommendations for those running new EPYC Turin servers to optimize performance for different workloads, such as from databases and Java to HPC and AI/ML software. The updates follow the release of the EPYC 9005 series processors last month. According to a report from hardware news platform Phoronix, the updates help those deploying new EPYC Turin servers for specific purposes tailor the platform to their targeted workloads.