Is Advanced Micro Devices (AMD) the best machine learning supply to buy now?

We recently published a list of the 10 best machine learning shares to buy now. In this article we will look at where Advanced Micro Devices, Inc. (Nasdaq: AMD) stands against other shares for learning the machine.

Grand View Research reported that the global market for Machine Learning in 2022 was appreciated at $ 36.73 billion. It is now expected to grow with a CAGR of 34.8% from 2023 to 2030. Machine Learning helps to learn machines and systems from experience instead of explicit programming. It uses algorithms to improve and analyze enormous amounts of complex data to make informed decisions. Machine learning progresses quickly as AI expands quickly and transforms how companies and individuals work. This technological progress is a revolution brought about in consumer experiences and make an easy creation of digital services, products and optimized supply chains possible. This allows startups to focus on specific solutions, while larger companies can deliver extensive AI platforms.

On April 10, Amazon CEO Andy Jassy joined BHMNews’s ‘Squawk Box’ to discuss the costs of AI and what should be done to bring it down. Jassy emphasized that the growth of the data center’s demand is now so important that there is no anticipated weakening here, not even with constant macro -economic uncertainties at rates. Although there is a general conviction that the rise of Deepseek could now reduce the need for extensive data centers, processing power and energy consumption that was previously predicted at different technology companies, Jassy thinks that the introduction of Deepseek has not disturbed this. Despite the cost reductions that have occurred, AI implementation is still required considerable investments. He thinks that the current AI activities are expensive due to chip costs and other factors, but large techs, including his own company, would welcome any reductions of the AI ​​costs for customers.

Jassy underlined the demand for data centers despite the tariff effects and reflected optimism with regard to reducing costs that might stimulate innovation and extensive use of AI in different industries. AI is still limited and requires considerable human supervision from now on, but it has enormous potential in different sectors.

We searched ETFs and financial media reports to put together a list of the best ML shares. Then we selected the 10 shares that were the most popular among Elite Hedgo funds and that analysts were bullish about. The shares are arranged in increasing order of the number of hedge funds that have in poll, from the first quarter of 2024. The data from the Hedgefonds came from the database of Insider Monkey that follows the movements of more than 900 elite money managers.