Is Advanced Micro Devices, Inc. (AMD) One of the Best Growth Stocks to Buy, According to Billionaire Ray Dalio’s Bridgewater Associates?

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the best growth stocks to buy, according to billionaire Ray Dalio’s Bridgewater Associates. On June 16, Advanced Micro Devices, Inc. (NASDAQ:AMD) and Rackspace Technology (NASDAQ:RXT) finalized a binding agreement for the phased deployment of 30 MW of AMD‑based compute across Rackspace’s global data centers, beginning in late 2026 through 2028.

Is Advanced Micro Devices, Inc. (AMD) One of the Best Growth Stocks to Buy, According to Billionaire Ray Dalio’s Bridgewater Associates?

The deal builds on a May 7 memorandum of understanding and covers AMD Instinct GPUs, including MI355X and MI350P models, along with AMD EPYC CPUs, integrated into an Enterprise AI Cloud architecture.

Targeting regulated industries such as healthcare, the collaboration will jointly pursue enterprise customers and accelerate delivery of four capabilities: Enterprise AI Cloud, Enterprise Inference Engine, Inference as a Service, and Bare Metal AMD Instinct.

Executives emphasized the need for governed AI infrastructure, with Rackspace CEO Gajen Kandiah highlighting accountability and AMD’s Dan McNamara stressing openness and scalability. Deployment authorizations and certain commercial terms, including pricing and financing, remain subject to finalization.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a multinational semiconductor company that designs high-performance processors, graphics cards, and adaptive computing technologies. Its chips power everything from everyday consumer laptops to massive cloud data centers and artificial intelligence (AI) systems.

While we acknowledge the risk and potential of AMD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMD and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Most Profitable Industrial Stocks to Buy Now and 12 Most Promising Growth Stocks to Buy Now.

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1