We recently released a list Today, 12 AI libraries on Wall Street are in the Wall Street wave. In this article, we will explore Advanced Micro Devices, Inc. (NASDAQ:AMD) Positions with other AI stocks that are currently on the Wall Street wave.
The United States recently issued a guidance company threatening not to use China's advanced computer chips, including Huawei's Ascend AI chips. However, China has now urged the country to “correct its wrongdoing immediately” and to stop “discriminatory” measures.
A spokesman for China's Ministry of Commerce said the United States abused its export control measures. He said the country imposed strict restrictions on Chinese chip products on baseless allegations, further explaining how the restrictions included discriminatory measures and tended to distort markets.
The U.S. Department of Commerce released the guidance last week, and its Industrial Security Agency noted: "These chips may be developed or produced in violation of U.S. export controls."
“The United States has been abused to impose stricter restrictions on Chinese chip products under unfounded accusations…China is firmly opposed to this…trying to trip others won’t make itself run faster.”
A Chinese spokesman said it opposed unilateral bullying, saying that the restrictions violated the legitimate rights and interests of Chinese companies. The country is accused of undermining the preliminary trade agreement reached in Geneva, Switzerland.
The spokesperson further urged the country to cooperate with China to jointly uphold the consensus reached in the Geneva talks.
“If the United States continues to cause substantial harm to China, China will take firm measures to protect its legitimate rights and interests.”
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.
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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 Tuesday, May 20, one of the most famous analyst calls was for Advanced Micro Devices, Inc. Wells Fargo analyst Aaron Rakers reiterated the stock's "overweight" rating at a price of $120.00.
The rating update highlights AMD's recent sale of ZT Systems' manufacturing operations to Sanmina for about $3 billion. The sale is slightly below the company's $3.5 billion expectation. Meanwhile, AMD bought ZT Systems for $4.6 billion earlier this year. AMD has also established a strategic partnership with Sanmina to support new product introductions related to AMD's cloud rack and cluster-scale AI solutions.
The company is particularly focused on rack-scale products with Instinct MI400 Series GPUs, which is expected to arrive in the second half of 2026. According to industry reports, the company may launch a MI450 IF128 cluster, at speeds greater than 1.8TB/s per GPU kit per GPU kit. More information is waiting for the upcoming AI event on June 12. Analysts also highlighted NVIDIA's recent NVLink Fusion launch, an innovation that tends to be open to the NVLINK ecosystem to integrate with HyperScale Smycale Semi-Custom Silicon and CPU.
Overall, AMD Ranked seventh On our list of AI stocks on Wall Street Wave today. Although we acknowledge AMD's potential as an investment, our belief is that certain AI stocks have greater returns and limited downside risks. If you are looking for AI stocks that are more promising than AMD and have 100x upward potential, check out our report Cheapest AI stocks.
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Disclosure: None. This article was originally published in Internal monkey.