Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Best performing stocks.
On May 21, Reuters reported that Advanced Micro Devices, Inc. (NASDAQ:AMD) plans to invest in Taiwan, committing more than $10 billion to its AI sector to expand chip production capacity and deepen partnerships.
The company said it will work with Taiwanese testing and packaging provider ASE and its SPIL unit to create more energy-efficient technology for artificial intelligence systems and processors. It will also work with PTI, Sanmina, Wiwynn, Wistron and Inventec.
Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Lisa Su said, “As AI adoption accelerates, our global customers are rapidly scaling AI infrastructure to meet growing computing demand,” adding that the effort enables an “integrated, rack-scale AI infrastructure.”
The company said the technology will underpin its Venice CPUs based on TSMC’s 2-nanometer process, while saying it has begun ramping up production of those chips.
As of May 19, shares are up 85.28% year to date.
Advanced Micro Devices, Inc. (NASDAQ:AMD) is a leading semiconductor company working on high-performance computing and graphics solutions. Its portfolio includes microprocessors, graphics processors and system-on-chip solutions designed for data centers, gaming and embedded systems.
While we recognize AMD’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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