Tata Consultancy Services Announces Strategic Collaboration with Advanced Micro Devices (AMD)

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Best Quantum Computing Stocks to Buy for 2026. On January 14, Indian company Tata Consultancy Services announced a strategic collaboration with Advanced Micro Devices, Inc. (NASDAQ:AMD) to support companies in scaling AI adoption from pilots to production, modernizing legacy environments, and building secure and high-performance digital workplaces.

Both companies plan to jointly invest in talent, which can help build a deep pool of experts to co-innovate and deliver next-gen AI solutions. Furthermore, industry-specific GenAI frameworks are expected to be developed for sectors like life sciences (drug discovery), manufacturing (cognitive quality engineering and smart manufacturing), and BFSI (intelligent risk management).

Finally, this collaboration is expected to deliver tailored accelerators, frameworks, and best practices to drive AI performance throughout both training and inference workloads. This will help ensure that companies can fully harness the power of AI.

In a different update, on January 16, Riot entered into the Data Center Lease with Advanced Micro Devices, Inc. (NASDAQ:AMD) to deliver 25 MW of critical IT load capacity at the Rockdale Site. The Data Center Lease has an initial term of 10 years.

While we acknowledge the potential of AMD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.