15 AI Stocks That Are Quietly Making Investors Rich

8. Advanced Micro Devices (NASDAQ:AMD)

Advanced Micro Devices (NASDAQ:AMD) is one of the 15 AI stocks that are quietly making investors rich.

On March 9, Adeia (ADEA) entered into a multi-year license agreement with Advanced Micro Devices (NASDAQ:AMD) to access Adeia’s portfolio of semiconductor intellectual property. The agreement also settles all outstanding legal disputes between the companies.

The company is pleased to have entered into this agreement with Advanced Micro Devices (NASDAQ:AMD), which is a global leader in high-performance computing and semiconductor solutions. The settling of disputes will allow both companies to look forward and explore future collaboration opportunities in advanced semiconductor solutions.

On February 25, Truist Securities maintained its Buy rating on Advanced Micro Devices (NASDAQ:AMD). The firm has projected a $283 price target on the shares following the company’s newly announced partnership with Meta Platforms.

AMD said the multi-year agreement will see Meta deploy up to 6 gigawatts of Instinct GPUs starting in the second half of 2026, including custom MI450 accelerators and Helios rack-scale systems developed through the Open Compute Project. Truist noted Meta has long sourced chips from multiple suppliers, including Nvidia and Broadcom, adding that the company’s strong capital spending suggests increased purchases from one vendor do not necessarily come at the expense of another.

Advanced Micro Devices (NASDAQ:AMD) is a multinational semiconductor company that designs high-performance computing, graphics processing units, and visualization technologies. The company also offers AI accelerators, microprocessors, embedded processors, and SoC products. The business is structured around three segments, i.e., Data Center, Client & Gaming, and Embedded.