Advanced Micro Devices (AMD): Turing Inc. is being backed by AMD Ventures, Reports Bloomberg

Bob Karr

Mon, July 13, 2026 astatine 4:21 AM CDT 2 min read

Advanced Micro Devices, Inc. (NASDAQ:AMD) is 1 of the Best Monopoly Stocks to Buy According to Hedge Funds. On July 6, Bloomberg reported that Turing Inc. is being backed by AMD Ventures. Furthermore, it has started adopting Advanced Micro Devices, Inc. (NASDAQ:AMD)'s AI accelerators successful its systems. To supply a little background, AMD Ventures is the firm task superior limb of Advanced Micro Devices, Inc. (NASDAQ:AMD).

Turing Inc. plans to connection its bundle connected the user marketplace arsenic good arsenic successful driverless robotaxis arsenic aboriginal arsenic 2028, reported Bloomberg. In an effort to guarantee terms competitiveness successful the broader capital-intensive autonomous driving arena, the institution decided to utilise AMD graphics processors.

The startup continues to adhd to its capabilities arsenic it is gathering towards the commercialized launch. The institution has been babelike connected Nvidia hardware for AI grooming and inferencing since it was founded, and handles ~10% of the AI grooming needs with the assistance of AMD graphics processing units.

Advanced Micro Devices Inc. (NASDAQ:AMD) is simply a starring semiconductor institution specializing successful high-performance computing and graphics solutions. Its wide merchandise portfolio includes microprocessors, graphics processors, and system-on-chip (SoC) solutions designed for information centers, gaming, and embedded systems.

While we admit the imaginable of AMD arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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