New Ryzen Series Chips Add to Advanced Micro Devices' (AMD) Bull Thesis

Advanced Micro Devices Inc. (NASDAQ:AMD) is one of the best WallStreetBets stocks to buy according to analysts. On March 2, Advanced Micro Devices Inc. (NASDAQ:AMD) revealed its new Ryzen AI 400 Series and the Ryzen AI PRO 400 Series chips. These new AI processors will be instrumental in powering on-device AI acceleration, especially those for high-performance laptops and PCs. Jack Huynh, the senior vice president and general manager of Computing and Graphics Group, explained how the new chips will help fulfill the demand for intelligent AI assistants:

“The desktop PC is evolving from a tool you use to an intelligent assistant that works alongside you. With the Ryzen AI 400 Series processors – the world’s first designed to power new Copilot+ experiences on the desktop – we’re bringing powerful AI acceleration that enables our partners to build systems that empower both enterprises and consumers to do more and create more.”

According to a February 19 report, Advanced Micro Devices Inc. (NASDAQ:AMD) is also stepping in to support a $300M loan for data center company Crusoe. The loan will be used to deploy AMD’s artificial intelligence accelerators in an Ohio data center. The report said that the loan is being provided by Goldman Sachs (GS). And it will be secured by AMD’s AI accelerators and related equipment, according to the source familiar with the matter.

Moreover, if Crusoe cannot find customers for the chips, Advanced Micro Devices Inc. (NASDAQ:AMD) will rent them from the data center company.

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Advanced Micro Devices Inc. (NASDAQ:AMD) is a leading semiconductor company specializing in high-performance computing and graphics solutions. Its broad product portfolio includes microprocessors, graphics processors, and system-on-chip (SoC) solutions designed for data centers, gaming, and embedded systems.

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Disclosure: None.