10 AI Stocks on Wall Street’s Radar

5. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Number of Hedge Fund Holders: 96

Advanced Micro Devices, Inc. (NASDAQ:AMD) develops and sells semiconductors, processors, and GPUs for data centers, gaming, AI, and embedded applications. On May 14, the company announced the launch of the AMD EPYC™ 4005 Series, purpose-built processors that deliver enterprise-class features and superior performance for small and medium businesses as well as hosted IT service providers. Offering a wide array of enterprise solutions, the processors are supported by leading partners and customers such as Altos, ASRock Rack, Gigabyte, Lenovo, MiTAC, and more.

“Growing businesses and dedicated hosters often face significant constraints around budget, complexity, and deployment timelines. With the latest AMD EPYC 4005 Series CPUs, we are delivering the right balance of performance, simplicity, and affordability, giving our customers and system partners the ability to deploy enterprise-class solutions that solve everyday business challenges.”

-Derek Dicker, corporate vice president, Enterprise and HPC Business Group, AMD.