8. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Short Percentage of Shares Outstanding: 2.70%
Forward P/E: 40.39
On June 16, Advanced Micro Devices, Inc. (NASDAQ:AMD) and Rackspace Technology announced a definitive agreement for the phased deployment of an initial 30-megawatt footprint dedicated to AMD-powered computing infrastructure across Rackspace’s global data centers between late 2026 and 2028. The deployment will incorporate AMD Instinct GPUs and AMD EPYC CPUs within Rackspace’s Enterprise AI Cloud platform, supporting regulated enterprise workloads such as healthcare, large-scale inference, and advanced artificial intelligence applications. At full deployment, the infrastructure is expected to provide significant AI computing capacity across Rackspace’s global network.
A day earlier, Advanced Micro Devices, Inc. (NASDAQ:AMD) announced its acquisition of MEXT, a company specializing in AI-driven memory optimization technology. MEXT has developed predictive memory software designed to make flash storage behave more like DRAM, helping customers increase usable memory capacity while maintaining performance and efficiency. AMD stated that the acquisition will help address one of the most significant challenges facing modern data centers—memory constraints driven by the growing complexity of artificial intelligence, analytics, virtualization, and high-performance computing workloads. The company believes the technology can improve infrastructure efficiency, lower costs, and enable customers to scale AI and enterprise applications more effectively.
Founded in 1969 and headquartered in Santa Clara, California, Advanced Micro Devices, Inc. (NASDAQ:AMD) is a key supplier of computing infrastructure powering artificial intelligence, cloud computing, high-performance computing, and next-generation data centers. The company’s advanced processor architectures and accelerator technologies are also helping support the development of increasingly powerful quantum computing, AI, and scientific computing systems.
