We recently compiled a list of 12 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.
AI companies in Europe are competing with their American counterparts for a larger share of the AI pie in Asia and the Middle East. For example, French AI company LightOn recently revealed plans to expand into the Middle East, targeting industries such as banking, defense and high-tech, which require their data to be protected on local servers . According to a report from the Reuters news agency, Laurent Daudet, the company’s CEO, noted that banking, insurance, high-tech, defense and healthcare were prime targets for personalized AI models. from LightOn.
Learn more about these developments by accessing 10 Best AI Data Center Stocks And 10 Hot AI Stocks According to Goldman Sachs.
The report further highlights that Saudi Arabia, the United Arab Emirates and neighboring countries were among the countries examined by LightOn. The AI companies recently made their public debut, becoming the first genAI company listed on the Euronext Growth exchange. Demand for LightOn products is growing. According to Steve Jarrett, Orange’s head of AI, customers want a trusted AI solution in France.
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. On December 3, Jack Huynh, a senior executive at the chipmaker, announced that the company would hold a press event at CES 2025 on January 6. According to the executive, the event would include the unveiling of the company’s next generation of innovations across the world. the gaming, AI PC and commerce sectors. A press release issued by the company said Hyunh would host the press event along with other senior executives of the company.