We recently published a list of 13 AI News That Broke the Internet. In this article, we are going to take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stands against other AI news that broke the internet.
AI Moving from Prompts to Problem-Solving
As artificial intelligence continues to evolve, a new generation of AI systems is emerging. The new systems go beyond answering questions to autonomously completing tasks and solving problems. These “agentic” AI systems are set to revolutionize industries, from healthcare to finance, by taking on complex objectives and driving productivity in ways we have yet to fully experience.
Matt Wood, PwC’s global commercial technology and innovation officer, discussed this evolution of AI on CNBC’s ‘Squawk on the Street’. He highlighted the transition from basic question-answering systems to more advanced agentic systems capable of completing tasks on behalf of users. These systems will be able to respond to objectives like booking flights or managing investments by creating and completing to-do lists autonomously.
He predicts that within the next 12 months, agentic AI will become more integrated into everyday life, similar to how apps improve the functionality of smartphones. Wood also pointed out that AI is being adopted rapidly in regulated industries such as finance, healthcare, and manufacturing due to existing investments in data governance, which provide a solid foundation for leveraging generative AI.
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According to a Bloomberg report from December 13, companies like OpenAI, Salesforce, and McKinsey are already deploying agents to improve efficiency and reduce the need for human intervention in routine tasks. Agents can take on roles like personal assistants, collaborative coworkers, and supervisors, enabling employees to focus on higher-value work.
Although the agents won’t fully replace jobs, AI agents are expected to transform work environments, create new roles, and foster greater productivity, especially in sectors with complex, regulated processes. The widespread adoption of these agents could lead to changes in staffing models and workplace dynamics by 2025, with companies using fewer but more skilled workers.
For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. We listed the stocks in ascending order of their hedge fund sentiment taken from Insider Monkey’s database of 900 hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
A close up of a complex looking PCB board with several intergrated semiconductor parts.
Advanced Micro Devices, Inc. (NASDAQ:AMD)
Number of Hedge Fund Holders: 107
Advanced Micro Devices, Inc. (NASDAQ:AMD) develops a variety of processors, graphics, and AI-focused products, including GPUs, accelerators, and adaptive systems-on-chips. The company provides solutions optimized for AI workloads, data processing, and network acceleration, supporting applications across data centers, gaming, and embedded systems.
At Barclays 22nd Annual Global Technology Conference, AMD’s CFO and Treasurer, Jean Hu mentioned that she sees continued momentum, especially with the launch of the Turin family of products. She acknowledged the growing demand for AI but emphasized that general compute workloads, powered by CPUs, remain strong and will drive further growth. Looking ahead to 2025, AMD expects to build on the success of the MI300 series, with new products like the MI325 and MI350, and a broadening customer base. AMD continues to engage with major players like Microsoft and Meta while expanding into new sectors and applications for AI and general compute workloads.
Jean Hu also discussed AMD’s ongoing efforts to expand its presence in the GenAI market, emphasizing the importance of system expertise and software investment. She highlighted the company’s acquisition of VT Systems as a key step in developing system-level solutions, with the full benefits expected from their MI400 product in 2026.
Overall, AMD ranks 5th on our list of AI news that broke the internet. While we acknowledge the potential of AMD as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMD but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.