We recently published a list of 10 stocks AI Trend to Wall Street now. In this article, we are going to take a look at Where Advanced Micro Devices, Inc. (Nasdaq: AMD) is currently standing against other trendy actions to Wall Street.
US President Donald Trump has completed his Middle East visit today, concluding many high-level transactions and diplomatic commitments with countries like Saudi Arabia, Qatar and the United Arab Emirates (Water).
During his last stop on the golf tour, Trump signed a huge AI data center project where the two countries will join an artificial intelligence campus. Trump noted that the United Arab Emirates and the United States were satisfied with the Gulf country to buy advanced AI semiconductors from American companies. This marks a significant step forward in Abu Dhabi’s efforts to become a center of world AI.
The AI agreement “includes the water that undertakes to invest, build or finance American data centers which are at least as large and as powerful as those of water.”
Trump also undertook to strengthen American ties with the United Arab Emirates, announcing agreements with the Gulf State totaling more than $ 200 billion. The two countries have agreed to deepen cooperation in artificial intelligence.
The United States and water have agreed to establish a “US-UAE AI Acceleration Partnership” framework. Trump and Sheikh Mohamed also attended the unveiling of the new 5GW AI campus. It would be the largest outside the United States. However, countries have not specified the NVIDIA IA chips or other companies could be included in data centers.
“To water, American companies will operate data centers and offer cloud services managed by the United States throughout the region. The agreement also contains solid security guarantees to prevent the diversion of American technology. ”
For this article, we have selected AI actions, including press articles, the analysis of actions and press releases. These actions are also popular among hedge funds. Hell fund data is at T4 2024.
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Advanced Micro Devices (AMD) Target price raised as the Saudi AI operation increases the feeling
A close-up of a complex PCB card with several intergraded semiconductor parts.
Number of hedge holders: 96
Advanced Micro Devices, Inc. (NASDAQ: AMD) develops and sells semiconductors, processors and GPUs for data centers, games, AI and integrated applications. On May 16, Barclays reiterated the action as “buying” and increased its price target to $ 130 per share, against $ 110. The note was published after the recent announcement of the AMD agreement with the human Saudi startup. AMD said that humans had hired $ 10 billion in the project. The Rally of AMD is also fed by the announcement of the company that its board of directors has authorized $ 6 billion in share buybacks.
“AMD wins in PC and server with a call option on AI if the Mi [machine learning] The platform can succeed. »»
Overall, AMD rank 6th On our list of actions from AI trendy to Wall Street at the moment. Although we recognize the potential of the AMD as an investment, our conviction lies in the conviction that certain AI actions are more promising for the provision of higher yields and have a limited risk of decline. If you are looking for a more promising ia stock than Amd and which has 100x upward potential, consult our report on this subject Stock ai the cheapest.
