Machine Learning Market Poised for Massive Growth; AMD, Meta, and Intel Unveil New AI Chips to Compete with Nvidia
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Machine learning is a fast-growing subset of artificial intelligence (AI) that is expected to reach $771 billion market value by 2032. Major companies like Netflix, JPMorgan, and Nvidia use machine learning technology.
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Intel and Meta Platforms unveiled new AI chips (Gaudi 3 and MTIA) that aim to compete with Nvidia in the AI accelerator market.
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Top machine learning stocks include Microsoft, Amazon, Meta Platforms, Baidu, IBM, CrowdStrike, Intel, Snowflake, Micron Technology, Oracle, AMD based on hedge fund holdings and exposure to machine learning technology.
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AMD partners with Sony Semiconductor Solutions for automotive LiDAR reference design to enhance autonomous driving solutions.
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Meridian Funds believes AMD will continue gaining market share in large, growing markets like AI and is reasonably valued relative to future earnings potential.