We recently published a list of 15 AI news updates that Wall Street is monitoring. In this article, we’ll take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stands with respect to other AI news updates that Wall Street is monitoring.
Many U.S. AI companies have extensive business ties to China, and with President-elect Donald Trump inaugurated, potential changes in U.S. policy toward China could bring greater clarity to future U.S. trade with Asian countries. I’m looking forward to announcing it. country. Top executives from U.S.-based companies had recently traveled to China to meet with Chinese business leaders amid rumors that tariffs on goods imported from Beijing to Washington would be significantly increased. A new report from news platform Axios claims that President Donald Trump is considering appointing an AI czar to the White House to coordinate federal policy and the government’s use of artificial intelligence.
Visit Goldman Sachs’ 10 Best AI Data Center Stocks and 10 Hottest AI Stocks to read more about these developments.
Billionaire Elon Musk, who has publicly supported Trump in the 2024 election and is rumored to have significant influence on the next president on AI policy, will not become AI czar, according to a report. . However, the report adds that Musk is still expected to be involved in shaping the future of discussions and use cases related to AI. xAI is an AI startup founded by Musk in 2023 that recently raised $5 billion in a funding round. The latest funding round brings the startup’s valuation to more than $50 billion. xAI competes with OpenAI, the ChatGPT maker valued at over $157 billion.
Also read: BlackRock’s 30 Most Important AI Stocks and Beyond the Tech Giants: 35 Opportunities for Non-Tech AI.
In this article, we selected AI stocks by examining news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in stocks that hedge funds invest in? The reason is simple. Our research shows that by mimicking the top stock picks of the best hedge funds, you can outperform the market. Our quarterly newsletter strategy selects 14 small- and large-cap stocks each quarter and has returned 275% since May 2014, outperforming the benchmark by 150 percentage points (Learn more ).
A close-up of a complex-looking PCB board with several integrated semiconductor components.
Number of hedge fund holders: 107
Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor manufacturer. On November 26, the communications news platform Capacity reported that the chipmaker released the latest version of its ROCm software stack for GPUs, adding tools to speed up AI development time. The report highlighted that version 6.3 of the open-source software stack is aimed at improving the performance and scalability of AI and high-performance computing workloads on AMD Instinct GPUs, such as the new MI325X.
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