See this post where semiconductors are tracked.
The story: billionaire takes a passive position in AMD. Archived.
From the linked story:
(Reuters) -Billionaire investor Daniel Loeb on Thursday told investors in his hedge fund Third Point the firm has invested in chip designer Advanced Micro Devices, a source familiar with the matter said.
Third Point, which occasionally pursues an activist strategy and pushes for changes at companies, is not planning to press for changes at AMD and the investment can be considered a passive stake, the person familiar with the fund said.
A spokesperson for Loeb declined to comment and AMD declined to comment.
AMD, which designs chips used in PCs, data centers and gaming consoles Xbox and PlayStation, has seen its stock rise about 21% this year, as analysts expect the firm and its peer Nvidia Corp to power the technology behind AI chatbots such as ChatGPT.
The chip firm's market value, at roughly $125 billion, has pulled ahead of key rival Intel Corp, as its strategy to outsource chipmaking to contract manufacturers such as TSMC helped it gain a technological lead.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.