9 AI Stocks Poised to Gain from Trump’s Middle East AI Push

7. 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. Another US technology firm benefiting from US President Donald Trump’s tour of Gulf states is AMD. On May 13, the company announced a deal with AI startup Humain, which was recently launched by Saudi Arabia’s sovereign wealth fund. The agreement comprises building one of the “world’s most open, scalable, resilient, and cost-efficient AI infrastructure” to power global intelligence via a network of AMD-based AI computing centers. These will stretch from the Kingdom of Saudi Arabia to the United States. The parties will be investing up to $10B to deploy 500 megawatts of AI compute capacity over the next five years.

“At AMD, we have a bold vision to enable the future of AI everywhere – bringing open, high-performance computing to every developer, AI start-up and enterprise around the world. Our investment with HUMAIN is a significant milestone in advancing global AI infrastructure. Together, we are building a globally significant AI platform that delivers performance, openness and reach at unprecedented levels.”

-Dr. Lisa Su, Chair and CEO, AMD.