10 Most Promising AI Stocks to Buy and Hold for the Next 2 Years

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

Number of Hedge Fund Holders: 134

Projected Long-Term EPS Growth (3-5 years CAGR): ~59%

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Most Promising AI Stocks to Buy and Hold for the Next 2 Years. On June 16, it was announced that Advanced Micro Devices, Inc. (NASDAQ:AMD) and Rackspace Technology signed a definitive agreement. This is for the deployment of an initial 30 MW footprint dedicated to AMD-based compute deployments throughout Rackspace’s global data centers, starting in late 2026 through 2028. The agreement operationalizes the Memorandum of Understanding, which was announced on May 7. Furthermore, it also establishes Advanced Micro Devices, Inc. (NASDAQ:AMD) as the strategic technology partner at the silicon layer of Rackspace’s governed AI stack.

Since the agreement brings together the leadership AMD AI compute solutions and Rackspace’s governed cloud operating model, regulated enterprises can deploy high-performance AI infrastructure with the openness, scalability, and accountability that is required to run AI at enterprise scale.

At full deployment, 30 MW of dedicated AMD compute throughout Rackspace’s footprint would demonstrate significant capacity to serve regulated enterprise workloads.

Advanced Micro Devices Inc. (NASDAQ:AMD) is a leading semiconductor company specializing in high-performance computing and graphics solutions. Its broad product portfolio includes microprocessors, graphics processors, and system-on-chip (SoC) solutions designed for data centers, gaming, and embedded systems.