Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Stocks With Huge Catalysts on the Horizon. On May 13, Advanced Micro Devices, Inc. (NASDAQ:AMD) and Saudi Arabia’s HUMAIN announced a major partnership to build a global AI infrastructure.
As part of this collaboration, both parties will invest up to $10 billion to deploy 500 megawatts of AI computing power, as AMD-powered AI centers will connect Saudi Arabia with the United States. The report highlighted that the project is designed to be scalable and cost-efficient. Moreover, the infrastructure will support AI needs for enterprises, governments, and startups. As part of this collaboration, Advanced Micro Devices, Inc. (NASDAQ:AMD) will provide its complete range of AI computing hardware and software platform, while HUMAIN will manage building massive data centers for sustainable power and high-speed computing.
A close up of a complex looking PCB board with several intergrated semiconductor parts.
Initial deployments are already in progress across key regions, and the collaboration aims to deliver multi-exaflop computing capacity by early 2026.
Advanced Micro Devices, Inc. (NASDAQ:AMD) is an international semiconductor company that designs and sells high-performance processors and graphics chips used in data centers.
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Disclosure: None. This article is originally published at Insider Monkey.