By Neha Gupta
Publication Date: 2025-11-28 06:21:00
Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the AI stocks analysts are betting on. Advanced Micro Devices, Inc. (NASDAQ:AMD), Cisco, and HUMAIN—a PIF-backed AI firm, unveiled plans on November 19 to create a joint venture aimed at turning Saudi Arabia into a major global player in artificial intelligence. Set to launch in 2026, the effort brings together HUMAIN’s next-generation data centers with AMD’s high-performance chips and Cisco’s infrastructure expertise.
The partnership’s first phase includes a 100 MW AI buildout powered by AMD’s Instinct MI450 GPUs and Cisco’s critical networking and data-center systems. The long-term target is far more ambitious: delivering up to 1 GW of AI infrastructure across the kingdom by 2030.
This joint venture builds on earlier collaborations among the three companies and is designed to offer scalable,…
