Advanced Micro Devices, Inc. (AMD) Gains Boost As Bank Of America Raises Target On AI Deal Momentum

Ghazal Ahmed

Wed, May 14, 2025, 2:27 PM 4 min read

We precocious published a database of Top 10 AI Stocks Making Headlines connected Wall Street. In this article, we are going to instrumentality a look astatine wherever Advanced Micro Devices, Inc. (NASDAQ:AMD) stands against different apical AI stocks making headlines connected Wall Street.

US President Donald Trump is strengthening planetary ties aimed astatine semipermanent cooperation. In its latest, helium has announced Saudi Arabia’s $600-billion committedness to put successful the United States connected the archetypal time of a four-day circuit of the Gulf, paving the mode for a bid of concern deals. These deals purpose to fortify the U.S.’s vigor security, defence industry, exertion leadership, and entree to planetary infrastructure and captious minerals.

READ ALSO: 9 AI Stocks Poised to Gain from Trump’s Middle East AI Push and 10 AI Stocks Making Moves This Week.

Only recently, the Department of Commerce announced that it was going to rescind President Joe Biden’s regularisation regarding AI spot exports and instrumentality a “much simpler rule” instead. Fast-forward to Trump’s circuit of the Gulf opening Tuesday, planetary governmental and concern leaders gathered successful Riyadh to sermon topics specified arsenic the artificial quality roar and planetary trade.

The elimination of Biden’s regularisation made consciousness erstwhile a White House authoritative made remarks astir however the United States does not request to artifact the planetary dispersed of its AI chips and exertion to power nationalist information risks — comments that were made to bespeak connected the flexible attack being adopted by the US toward sharing precocious exertion to trusted allies specified arsenic Saudi Arabia.

As evident, President Donald Trump met with Saudi Crown Prince Mohammed bin Salman and respective deals were announced betwixt the 2 countries, with Saudi Arabia benefiting from deals with apical tech firms to beforehand artificial quality successful the Kingdom. While Saudi Arabia is investing $600 cardinal successful the U.S, the White House besides publicized a astir $142 cardinal woody to supply the Kingdom with weapons and services from U.S. defence firms.

Nvidia CEO Jensen Huang announced a woody to supply Saudi Arabia with its high-end AI Blackwell chips, amongst deals made by different notable firms specified arsenic AMD, Uber, Cisco, and Amazon. Some notable attendees too Huang included Elon Musk, Andy Jassy, Sam Altman, President Ruth Porat, Arvind Krishna, Alex Karp, and Cristiano Amon.

For this article, we selected AI stocks by going done quality articles, banal analysis, and property releases. These stocks are besides fashionable among hedge funds. The hedge money information is arsenic of Q4 2024.

Why are we funny successful the stocks that hedge funds heap into? The crushed is simple: our probe has shown that we tin outperform the marketplace by imitating the apical banal picks of the champion hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks each 4th and has returned 373.4% since May 2014, beating its benchmark by 218 percent points  (see much details here).