Motley Fool’s 10 High-Growth Stock Picks

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

Stock Upside Potential: 41.08%

Number of Hedge Fund Holders: 132

Motley Asset Management’s Equity Stake: $32.48 Million

Advanced Micro Devices Inc. (NASDAQ:AMD) is one of Motley Fool’s high-growth stock picks. On March 18, Advanced Micro Devices Inc. (NASDAQ:AMD) entered into a memorandum of understanding with Samsung Electronics. The two are joining forces to expand their strategic collaboration on next-generation AI memory and computing technologies.

The MOU comes as the two companies echoed their commitment to advancing AI computing and delivering unrivaled turnkey capabilities. According to AMD CEO Lisa Su, deep collaboration is essential if the two companies are to power the next generation of AI infrastructure.

Under the terms of the agreement, AMD and Samsung are to align on primary HBM4 supply for the next generation AMD AI accelerator and advanced DRAM solutions. The technologies are designed to support next-generation AI systems by combining AMD Instinct GPUs.

Samsung and AMD are also collaborating on advanced memory technologies for AI and data center workloads. They also plan to deliver industry-leading DDR5 memory solutions for systems built on the AMD Helios rack-scale architecture. The companies are exploring a foundry partnership under which Samsung will provide foundry services for next-generation AMD products.

Advanced Micro Devices Inc. (NASDAQ:AMD) is a leading global semiconductor company that designs high-performance computing, graphics, and visualization technologies. It develops CPUs, GPUs, FPGAs, and SoCs for data centers, personal computers, gaming consoles, and embedded systems.