We recently released a list Top 10 AI stocks on Wall Street make headlines. In this article, we will explore Advanced Micro Devices, Inc. (NASDAQ: AMD) position, with other top AI stocks relative to Wall Street headlines.
U.S. President Donald Trump is strengthening global relations targeting long-term cooperation. In its latest news, he announced Saudi Arabia's $600 billion commitment to invest in the U.S. on the first day of its four-day Gulf Tour, paving the way for a range of commercial deals. These deals are designed to strengthen U.S. energy security, defense industry, technical leadership, and access to global infrastructure and critical minerals.
Also Read: 9 AI Stocks Ready to Drive from Trump's Middle East AI There are 10 AI stocks taking action this week.
It wasn't until recently that the Commerce Department announced that it would revoke President Joe Biden's rules on exporting AI chips and implement "simpler rules." Starting Tuesday, global political and business leaders began discussing topics such as the AI boom and global trade in Riyadh on Tuesday.
When White House officials talk about how the U.S. prevents the global spread of its AI chips and technologies to control the global spread of national security risks, it makes sense to eliminate Biden’s rules, in order to reflect on the flexible approach the U.S. has adopted to share advanced technology to share advanced technology to trusted allies like Saudi Arabia.
Apparently, President Donald Trump met with Saudi Crown Prince Mohammed bin Salman, and several deals were announced between the two countries, Saudi Arabia benefited from deals with top tech companies to advance the Kingdom’s artificial intelligence. Despite Saudi Arabia's $600 billion investment in the U.S., the White House also announced a nearly $142 billion deal, providing the kingdom with weapons and services from U.S. defense companies.
NVIDIA CEO Jensen Huang announced a deal to provide Saudi Arabia with its high-end AI Blackwell chips, including deals made by other well-known companies such as AMD, Uber, Cisco and Amazon. In addition to Huang, some famous attendees include Elon Musk, Andy Jassy, Sam Altman, Presidents Ruth Porat, Arvind Krishna, Alex Karp and Cristiano Amon.
In this article, we selected AI stocks by browsing news articles, stock analysis and press releases. These stocks are also popular among hedge funds. Hedge fund data ended in the fourth quarter of 2024.
Why are we interested in stocks that hedge funds to accumulate? The reason is simple: Our research shows that we can beat the market by mimicking the top stocks of the best hedge funds. Our strategy for quarterly newsletters selects 14 small and large stocks every quarter, returning 373.4% since May 2014, beating its benchmark by 218 percentage points (See more details here).
Close-up of a complex PCB board with several mutual semiconductor parts on it.
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. On May 14, Bank of America reiterated its NVIDIA and Advanced Micro devices as "buy" and raised its price targets for both stocks.
“We reiterate our purchase, increasing the NVDA PO from $150 to $160 and bringing AMD PO from $120 to $130.”
The rating has been released after the company announced its announcement of years of AI infrastructure projects with Saudi Arabian AI startup Humain. The company believes the project could be around $3B to $5B per year, and "sovereign AI" could help address the limited power availability challenges of U.S. data centers, which could also reduce the impact of export restrictions on U.S. companies' shipments to China.
Overall, AMD Ranked 9 On our list of top AI stocks, make headlines on Wall Street. Although we acknowledge AMD's potential is an investment, our belief is to believe that certain AI stocks offer higher returns in a shorter time frame and offer greater hope in this. AI stocks have risen since the beginning of 2025, while popular AI stocks have lost about 25%. If you are looking for AI stocks that are more promising than AMD but have less than 5 times its earnings, check out our report Cheapest AI stocks.
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Disclosure: None. This article was originally published in Internal monkey.