Is Advanced Micro Devices (AMD) the best machine learning stock to buy now?
Recently, I’ve published a list of 10 Best Machine Learning Stocks to Buy Now. In this article, we will introduce Advanced Micro Devices, Inc. Let’s take a look at where (NASDAQ:AMD) represents against other machine learning stocks.
Grand View Research reported that the global machine learning market is valued at $36.73 billion in 2022. Currently, it is expected to grow at a CAGR of 34.8% from 2023 to 2030. Use algorithms to improve and analyze huge amounts of complex data to make informed decisions. Machine learning is progressing rapidly as AI is expanding rapidly and transforming the way businesses and individuals operate. These technological advances revolutionize the consumer experience and enable the convenient creation of digital services, products and optimized supply chains. This allows startups to focus on specific solutions, while large companies can provide a comprehensive AI platform.
On April 10th, Amazon CEO Andy Jassy joined CNBC’s “Squawk Box” to discuss the cost of AI and what must happen to defeat it. Jassy emphasized that increasing demand for data centers is currently so important that there is no foreseen damping here, even in the midst of ongoing macroeconomic uncertainty under tariffs. There is a general belief that the advent of Deepseek could reduce the need for widespread data centers, processing power and energy consumption previously predicted by various high-tech companies, but Jassy believes the introduction of Deepseek did not disrupt this. The cost savings that have been incurred have already passed over time, but AI deployments still require significant investment. He believes that AI operations today are expensive due to chip costs and other factors, but major engineers, including his own company, will welcome the reduction in AI costs to help customers move forward.
Jassy highlights data center demand despite the impact of tariffs and reflects optimism about cost reduction, which could drive innovation and increase the use of AI across the industry. AI is still limited and requires considerable human surveillance at this point, but it has great potential in many areas.
We have compiled a list of top ML stocks through ETF and financial media coverage. After that, they chose the 10 most popular shares among elite hedge funds, and analysts were bullish. Stocks were ranked in ascending order of the number of hedge funds that contain stocks in them as of the fourth quarter of 2024. Hedge fund data was sourced from Insider Monkey’s database, which tracks the movements of more than 900 elite money managers.
