In other news, a highly anticipated release that many have been waiting for has seemingly been delayed, according to the latest reports. On Thursday, OpenAI CEO Sam Altman revealed that his company’s next big model likely won’t release this year. According to Altman, the company is “prioritizing” shipping existing models focused on reasoning and difficult questions.

“All these models have become quite complex and we can’t ship as many things in parallel as we would like.” He said the company faces “constraints and difficult decisions” when it comes to allocating computing resources “for many great ideas.” – Altman wrote during a Reddit AMA.

When asked about the release of ChatGPT-5, Altman said the company has some very good releases this year, but “nothing that we’re going to call GPT-5.”

Our Methodology

For this article, we selected AI stocks by reviewing news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.

Why are we interested in the stocks that hedge funds invest in? The reason is simple: our research shows that we can outperform the market by imitating the best stock picks from the best hedge funds. Our quarterly newsletter strategy selects 14 small- and large-cap stocks each quarter and has returned 275% since May 2014, beating the benchmark by 150 percentage points (see more details here).

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Number of hedge fund holders: 108

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global semiconductor company that designs and develops computer processors and graphics technologies. By integrating technology across CPUs, GPUs and NPUs, the company aims to create a strong ecosystem that supports the development of powerful AI applications.

On November 1^stAdvanced Micro Devices, Inc. (NASDAQ:AMD) announced that it has signed a Memorandum of Understanding (MOU) with Fujitsu Limited to form a strategic partnership to create computing platforms for AI and high-performance computing (HPC). The partnership aims to facilitate the creation of open-source and energy-efficient platforms, consisting of advanced processors with superior energy performance and highly flexible AI/HPC software. The goal is to accelerate open-source AI and/or HPC initiatives. By combining Fujitsu’s leading supercomputing-based advanced CPU technology with industry-leading AMD GPU technology, the companies will focus on co-developing innovative computing platforms for AI and HPC by 2027.

“By combining our advanced AMD Instinct accelerators with Fujitsu’s advanced energy-efficient processors, we are positioned to deliver powerful and energy-efficient solutions that will benefit our joint AI and HPC customers. Our strategic partnership with Fujitsu not only underlines our commitment to innovation, but also underlines our commitment to Japan, where we recognize the importance of local partnerships and expertise. As we continue to expand our relationships in Japan, we are excited about the possibilities of creating a more sustainable computing infrastructure that matches Japanese technology. leadership and commitment to sustainability”. -Phil Guido, Executive Vice President and Chief Commercial Officer, AMD.

Overall AMD Ranks 6th on our list of AI stocks investors shouldn’t miss. While we recognize AMD’s potential as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns in a shorter time frame. If you’re looking for an AI stock that’s more promising than AMD but trading at less than five times its earnings, check out our report on the cheapest AI stock.

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Disclosure: None. This article was originally published on Insider Monkey.