Top 10 AI Stocks in the Spotlight on Wall Street

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

Number of Hedge Fund Holders: 97

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Top 10 AI Stocks in the Spotlight on Wall Street. On September 24, the company announced that it is it is expanding its global collaboration with Cohere, a security-first enterprise AI Company. The expanded collaboration will enable Cohere customers to run the company’s AI models on AMD Instinct GPU-powered infrastructure.

Cohere customers will have access to Command A, Command A Vision, Command A Translate and North. AMD will also integrate Cohere’s North platform into its internal enterprise AI portfolio. This integration will enable Cohere’s technology to become a central part of AI workloads at AMD.

The collaboration focuses on enterprise and sovereign AI initiatives in Canada and globally.

“We are excited to further expand our relationship with AMD with the availability of many of our models and North on AMD Instinct GPUs. Given public and private sector customers the ability to deploy our full suite of technology across our foundational models and security-optimized enterprise AI products gives them significantly greater flexibility in how they choose to deploy Cohere’s AI. AMD has a compelling TCO proposition with its AI infrastructure and is a great option for sovereign AI initiatives in Canada and globally.”

-Nick Frosst, co-founder, Cohere.

“Cohere’s full-stack AI solutions are now deployable on AMD Instinct infrastructure, empowering organizations and governments to scale AI with exceptional performance, efficiency, and memory capacity. With the AMD AI computing platform, customers benefit from excellent total cost of ownership and energy efficiency – critical advantages as enterprise and governments accelerate their AI transformation.”

-Vamsi Boppana, senior vice president, AI, AMD.

Advanced Micro Devices, Inc. (NASDAQ:AMD) develops and sells semiconductors, processors, and GPUs for data centers, gaming, AI, and embedded applications.