Sanmit Amin
2 min read
In This Article:
DigitalOcean Holdings, Inc. (NYSE:DOCN) is one of 10 AI stocks that will skyrocket.
Advanced Micro Devices Inc. (NASDAQ:AMD) has entered a strategic partnership with DigitalOcean Holdings, Inc. (NYSE:DOCN) to broaden the availability of cloud-based GPU services tailored for artificial intelligence and machine learning applications. This collaboration aims to provide developers and enterprises with greater access to high-performance computing resources needed to accelerate AI workloads. Under the partnership, DigitalOcean will integrate AMD’s latest GPU technology into its cloud infrastructure, enhancing the platform’s ability to support demanding AI tasks such as training large models, data processing, and inference. The move is expected to offer customers improved performance and cost-efficiency compared to traditional options.
A close up view of a laptop computer, the cloud computing platform displayed on the screen.
This expansion addresses growing demand from startups, small businesses, and mid-sized companies seeking accessible AI computing without the complexity and expense of managing their own hardware. By combining DigitalOcean’s user-friendly cloud platform with AMD’s advanced GPU solutions, the partnership aims to empower a broader range of organizations to develop and deploy AI-driven applications. The collaboration also reflects AMD’s broader strategy to increase its footprint in the cloud computing market, competing with established GPU providers. For DigitalOcean, the partnership enhances its competitive positioning by adding cutting-edge hardware capabilities to its cloud services.
The AMD-DigitalOcean alliance signals a commitment to making AI infrastructure more accessible, supporting innovation across industries as AI adoption accelerates globally.
While we acknowledge the potential of DOCN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DOCN and that has 100x upside potential, check out our report about this cheapest AI stock.
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Disclosure: None.
