BlackRock acquired 146M Advanced Micro Devices shares worth $70.6B. That's 1.08% of their equity portfolio (12th largest holding). The investor owns 9.09% of the outstanding Advanced Micro Devices stock. The first Advanced Micro Devices trade was made in Q4 2020. Since then BlackRock bought shares twelve more times and sold shares on five occasions. The stake costed the investor $15.9B, netting the investor a gain of 344% so far.
Advanced Micro Devices and Marvell Technology are well-positioned to ride the AI infrastructure spending boom. Both have declined significantly over the past...
AMD's growth rate is expected to ramp up. AMD's stock is highly valued for the performance it's putting up.
AMD has substantially increased its estimate of the total addressable market for server CPUs. The company has been taking share away from Intel in this space.
Semiconductor giant AMD (AMD, Financials) got renewed attention after Susquehanna boosted its price target, citing better prospects in the company's server CPU