Why did Bridgewater choose AMD as a top growth stock?

It reflects the fund's confidence in AMD's long-term strategy in computing and AI.

Ray Dalio's Bridgewater Picks AMD as Top Growth Stock to Buy

Q: What are the details of the AMD-Rackspace agreement?

A binding agreement for a phased deployment of 30 MW of AMD-based compute across Rackspace data centers, starting in late 2026.

Bridgewater Associates, Ray Dalio's hedge fund, has named AMD one of the best growth stocks to buy. Additionally, AMD and Rackspace Technology finalized a binding agreement for a phased 30 MW deployment of AMD-based compute across Rackspace's data centers, beginning in late 2026.

June 18, 2026

1 min read

Source: Insider Monkey

Key Numbers

agreement value

30 MW

deployment start

late 2026

Bridgewater Associates, led by billionaire Ray Dalio, has included Advanced Micro Devices (NASDAQ:AMD) in its list of top growth stocks to buy. This comes as AMD continues to strengthen its position in high-performance computing and AI.

Details of the Rackspace Agreement

On June 16, AMD and Rackspace Technology (NASDAQ:RXT) finalized a binding agreement for the phased deployment of 30 MW of AMD-based compute across Rackspace's global data centers, starting in late 2026.

Broader Context

The move is part of AMD's strategy to expand its data center market share, competing with NVIDIA. Bridgewater's endorsement reflects confidence in AMD's long-term strategy in computing and AI.

What This Means for Investors

Bridgewater's selection of AMD as a top growth stock boosts investor confidence. The Rackspace deal supports growing demand for advanced computing solutions, potentially benefiting AMD's future revenues.

Frequently Asked Questions

It is a hedge fund founded by billionaire Ray Dalio, one of the largest hedge funds globally.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.